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8 July, 11:39

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.

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Answers (1)
  1. 8 July, 11:43
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    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.
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Home » Business » 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.
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