ACCT 701 Module 6 Quiz Review 2018.docx - Module 6 Quiz...

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Module 6 Quiz Review 2018 10/10Question1(T / F) Stock "Par value" is an arbitrary amount assigned to each share of a given classof stock and printed on the stock certificate.Select one:TrueFalseCorrect.The correct answer is 'True'.
Question2(T / F) "Capital stock authorized" is the maximum number of shares of stock that acorporation can issue as designated in its charter.Select one:
Question3(T / F) "Capital stock issued" is the number of shares of stock that have been sold andissued to stockholders. Capital stock issued includes any Treasury Stock.Select one:

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Term
Fall
Professor
Dr. Jo McGee
Tags
Accounting, Correct Answer

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