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Who has the responsibility for cancelling stock certificates

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Reference no: EM132756511

Problem 1: Who has the responsibility for cancelling the stock certificates of the seller and preparing new certificates for the buyer of the shares of stock?

A. Underwriter

B. Stock registrar

C. Stock transfer agent

D. Board of directors

E. None of the above

Problem 2: To which account should the costs incurred in chartering a new corporation be charged?

A. Common stock

B. Organization Expense

C. Retained Earnings

D. Professional Services Expense

 

Reference no: EM132756511

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