Question 11Question text(T / F) Plant assets are sometimes wrecked in accidents or destroyed by fire, flood, storm, and other causes. If the asset was not insured, the loss is equal to the book value. If the asset was insured, only the amount of the loss exceeding the amount to be recovered from the insurance company would be considered a loss.Select one:True False FeedbackCorrect.The correct answer is 'True'(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.
Question 2Question text(T / F) "Capital stock authorized" is the maximum number of shares of stock that a corporation can issue asdesignated in its charter.Select one: