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Book Cover
Financial and Managerial Accounting: The Basis for Business Decisions, 12/e
Jan R. Williams, University of Tennessee
Susan F. Haka, Michigan State University
Mark S. Bettner, Bucknell University
Robert F. Meigs
Stockholders' Equity: Paid-in Capital

True/False Quiz

Please answer all questions



1

Corporations whose shares are not traded on any organized stock exchange are called closely held corporations.
A)True
B)False
2

Stockholders of a corporation have the right to participate in management of the corporation.
A)True
B)False
3

Every business corporation has common stock; many corporations also issue preferred stock, and some corporations have two or more types of preferred stock.
A)True
B)False








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