Question: Please mark T for true or F for false in space next to each statement. 1. ____ A $20,000, 8%, 9-month note payable requires an

Please mark “T” for true or “F” for false in space next to each statement.

1. ____ A $20,000, 8%, 9-month note payable requires an interest payment of $1,200 at maturity.

2. ____ The par value of common stock must always be equal to its market value on the date the stock is issued.

3. ____ Paid-in capital is the amount paid in to the corporation by stockholders in exchange for shares of ownership.

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