Ask Question
11 April, 01:02

The least amount that the buyers of stock must contribute to the corporation or be at risk to pay creditors at a future date is called the: Multiple Choice

1. Working capital.

2. Minimum legal capital.

3. Par value of preferred.

4. Stated value.

+2
Answers (1)
  1. 11 April, 04:53
    0
    2. Minimum legal capital.

    Explanation:

    The minimum legal capital is that amount of capital which should stay in the business at all times and this amount is not allowed to be taken out of the business and should not be distributed in any manner whatsoever.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The least amount that the buyers of stock must contribute to the corporation or be at risk to pay creditors at a future date is called the: ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers