Business Studies, asked by adinaoroibam2756, 1 year ago

In states where the firm's legal capital is defined as the par value of its common stock

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Answered by Anonymous

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Answer:

Legal capital is that amount of a company's equity that cannot legally be allowed to leave the business; it cannot be distributed through a dividend or any other means. It is the par value of common stock and the stated value of the preferred stock that a business has sold or otherwise issued to investors.

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Answered by Anonymous

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Explanation:

Answer:

Legal capital is that amount of a company's equity that cannot legally be allowed to leave the business; i

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