Common shares: a. Allow shareholders to bind the corporation to contracts because they share in ownership. b.
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Common shares:
a. Allow shareholders to bind the corporation to contracts because they share in ownership.
b. Represent residual equity in a corporation.
c. Make shareholders liable for acts of the corporation because they share in ownership.
d. Are usually redeemable.
e. Always represent total contributed capital.
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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