ACCT 701 Module 6 Quiz Review 2018.docx - Module 6 Quiz Review 2018 10\/10 Question 1(T F Stock\"Par value is an arbitrary amount assigned to each share

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

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Module 6 Quiz Review 2018 10/10 Question 1(T / F) Stock "Par value" is an arbitrary amount assigned to each share of a given class of stock and printed on the stock certificate. Select one:True FalseCorrect.The correct answer is 'True'. Question 2(T / F) "Capital stock authorized" is the maximum number of shares of stock that a corporation can issue as designated in its charter. Question 3(T / F) "Capital stock issued" is the number of shares of stock that have been sold and issued to stockholders. Capital stock issued includes any Treasury Stock.

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