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Which of the following statements is false? a. one of the disadvantages of incorporation is the problem of "double taxation" b. the number of issued shares is equal to the total shares sold to date

Which of the following statements is false?

a. one of the disadvantages of incorporation is the problem of "double taxation"

b. the number of issued shares is equal to the total shares sold to date minus those held in treasury stock

c. common stock is part of stockholders equity

d. when the stock has a par value, the amount recorded in the common stock account is the par amount times the number of shares issued

 

Sep 08 2020 View more View Less

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