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Which of the accounts is not a part of the paid-in capital

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Reference no: EM132756512

Problem 1: Which of the following is not correct?

A. A corporation may be heavily taxed.

B. A corporation has a board of directors.

C. All stockholders have a vote and a voice in business operations.

D. A corporation is a legal entity.

E. Corporate earnings may be taxed twice.

Problem 2: Which of the following accounts is not a part of the paid-in capital section of the balance sheet?

A. Preferred Stock

B. Retained Earnings

C. Additional Paid-in Capital, Common Stock

D. Common Stock

Reference no: EM132756512

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