ACC 291 Week 3 Chapter 11 Practice Quiz 1in Accounting by jacob
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ACC 291 Week 3 - Chapter 11 Practice - Quiz 1
Which of the following is not an advantage of a corporation?
Separate legal existence.
Transferable ownership rights.
Which of the following is a disadvantage of a corporation
limited liability of stockholders.
transferable ownership rights.
None of the above.
Which of the following statements is false?
The stockholders' equity section begins with paid-in capital.
The authorization of capital stock does not result in a formal accounting entry.
Ownership of common stock gives the owner a voting right.
The par value of a share of stock is equal to its market value.
ABC Corporation issues 1,000 shares of 10 par value common stock at 12 per...