Question Details

The par value of common stock must always be equal to its market value




1.	A stockholder has the right to vote in the election of the board of directors.


	2.	A proxy is a legal document that instructs a stockholder- agent how to vote shares of stock for the stockholder.



	3.	As soon as a corporation is authorized to issue stock, an accounting journal entry should be made recording the total value of the shares authorized.



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


	5.	When no-par value stock does not have a stated value, the entire proceeds from the issuance of the stock becomes legal capital.





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