quiz 11 - Question 1 Question 1 Stockholders of a...

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Question 1 Question 1 Stockholders of a corporation directly elect Answer B the president of the corporation. the board of directors. the treasurer of the corporation. all of the employees of the corporation. Question 2 Question 2 A corporate board of directors does not generally Answer D select officers. formulate operating policies. declare dividends. execute policy. Question 3 Question 3 1. B If no-par stock is issued without a stated value, then Answer
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the par value is automatically $1 per share. the entire proceeds are considered to be legal capital. there is no legal capital. the corporation is automatically in violation of its state charter. 1 points Question 4 Question 4 1. Par value Answer D represents what a share of stock is worth. represents the original selling price for a share of stock. is established for a share of stock after it is issued. is the value assigned per share in the corporate charter. 1 points Question 5 Question 5 1. If Norben Company issues 2,000 shares of $5 par value common stock for
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quiz 11 - Question 1 Question 1 Stockholders of a...

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