1-Emma Leigh Connor invested $10,000 in a publicly held corporation. The corporation does not do well...
1-Emma Leigh Connor invested $10,000 in a publicly held corporation. The corporation does not do well and must declare bankruptcy. What amount does Emma stand to lose?
|
$10,000 |
||
|
Zero. |
||
|
The $10,000 plus any personal assets the creditors demand. |
||
|
$20,000 |
2-
Par value
|
represents what a share of stock is worth. |
||
|
represents the original selling price for a share of stock. |
||
|
is the legal capital established for a share of stock. |
||
|
is established for a share of stock after it is issued. |
Homework Answers
1. Emma stand to lose 10000 because Emma invested $10,000 in a publicly held corporation.Liability is only limited to the amount of shares held.Since corporation does not do well and must declare bankruptcy 10000 will be lost .
2. Par value is the legal capital established for a share of stock.
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