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What legal capital is for no-par value shares

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Reference no: EM132579212

Question 1: Legal capital is the portion of contributed capital that cannot be distributed to the owners during the lifetime of the corporation unless the corporation is dissolved and all of its liabilities are settled first. For no-par value shares, legal capital is

Option a. the aggregate par value of shares issued and subscribed.

Option b. the total consideration received or receivable from shares issued or subscribed.

Option c. the aggregate stated value of shares issued and subscribed.

Option d. the aggregate market value of shares issued and subscribed.

Reference no: EM132579212

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