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Define par value and discuss the significance in accounting

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Reference no: EM132518227

Question 1: Define par value, and discuss its significance in accounting.

Question 2: Distinguish among the three types of activities reported in the statement of cash flows.

Question 3: Why is the statement of cash flows useful?

Question 4: Companies frequently issue both preferred stock and common stock. What are the major differences in the rights of stockholders between these two classes of stock?

Reference no: EM132518227

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