1b mc qu. 13-61 (static) the least amount that the buyers... the least amount that the buyers of stock must…

1b mc qu. 13-61 (static) the least amount that the buyers... 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 par value of preferred. minimum legal capital. premium capital

1b mc qu. 13-61 (static) the least amount that the buyers... 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 par value of preferred. minimum legal capital. premium capital

Answer

Brief Explanations:

The minimum legal capital is the least amount that stock - buyers must contribute to the corporation or be at risk to pay creditors in the future. It serves as a protection for creditors. Par value of preferred is related to the value assigned to preferred stock, and premium capital is the amount received above par value.

Answer:

B. Minimum legal capital