Harry and Lloyd have decided to incorporate their mobile dog grooming business called Mutt Cutts. Their plans

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Harry and Lloyd have decided to incorporate their mobile dog grooming business called Mutt Cutts. Their plans call for the authorization and issuance of 5,000 shares of par value stock. Lloyd argues that par value must be set at the estimated market value of the stock, while Harry feels that par value is the equivalent of book valuethat is, assets divided by the number of shares. Is either Lloyd or Harry correct? Why

Posted Date: May 18, 2024 11:11 PM

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Harry and Lloyd have decided to incorporate their mobile dog grooming business called Mutt Cutts. Their plans

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