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Unformatted text preview: Good choice 13. Most businesses in the U.S. are corporations. Your Answer: True Correct Answer: False 20% of businesses are corporations, but they do 90% of the business. 14. If common stock is issued in excess of par value, that excess is called "additional paid-in-capital." Your Answer: False Correct Answer: True It is also called "paid-in-capital in excess of par." 15. Corporations have limited liability. Your Answer: False Correct Answer: True This is one of the primary reasons for incorporating....
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- Spring '10
- Balance Sheet, Corporation, Correct Answer, False Correct Answer