the business for the protection of corporate 1. Par value of stock represents the __________________ per share that must be retained in the business for the protection of corporate ___________________. 2. If stock is issued in exchange for noncash assets, the assets should be valued at the ____________________ of the consideration ___________________ or the assets ____________________, whichever is more clearly evident. 3. A corporation’s own stock that has been reacquired by the corporation but not canceled is called ___________________ and is deducted from total _______________________ on the balance sheet. 4. The _______________ feature of preferred stock gives the preferred stockholders the right to receive current-year dividends and unpaid prior-year dividends before common stockholders receive any dividends. 5. Preferred stock has contractual provisions that give it a preference over common stock as to ___________________ and to ___________________ in the event of liquidation. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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