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What is legal capital

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Question 1: Kajana invests in Bell Canada shares, she can not understand how, as an investor, the income from a corporation is double tax.? Explain to Kajana about this.

Question 2: What is legal capital and how is this different from share capital? Why is it reported separately from retained earnings in the shareholders' equity section?

Question 3:  Explain the difference between these terms. Are any of these are recorded in the general journal.

1. Authorized shares
2. Issued shares
3. Outstanding shares.

Reference no: EM132918862

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