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

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 2MCQ: Which of the following statements is true? The outstanding number of shares is the maximum number of...
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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 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

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