In the corporate form of business organization legal

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In a corporate form of business organization, legal capital is best defined as

a. the amount of capital the state of incorporation allows the company to accumulate over its existence.

b. the par value of all capital stock issued.

c. the amount of capital the federal government allows a corporation to generate.

d. the total capital raised by a corporation within the limits set by the Securities and Exchange Commission.

Reference no: EM13453474

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