Question

When a C corporation has only one class of stock it is referred to as ________....

When a C corporation has only one class of stock it is referred to as ________.


stated value stock


par value stock


common stock


preferred stock



The total amount of cash and other assets received by a corporation from the stockholders in exchange for the shares is ________.


always equal to par value


referred to as retained earnings


always below its stated value


referred to as paid-in capital


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Answer #1

1. When a C corporation has only one class of stock it is referred to as common stock.

Generally a corporation issue stock which is always common stock.

2. The total amount of cash and other assets received by a corporation from the stockholders in exchange for the shares is

referred to as paid-in capital

The amount of cash and other assets received by a corporation from the stockholders in exchange for the shares are 'Stock value at par' and excess amount is called 'Paid in capital in excess of par' which represent as total paid in capital.

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