Question Details

A proxy is a legal document that instructs a stockholder- agent 



True or False:

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 sell 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.



Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help