Legal capital for a corporation equals O A the par value of

Legal capital for a corporation equals: O A. the par value of stock that has been issued. B, the selling price of stock that has been issued. O C. the par value of stock that has been authorized. O D. the par value of stock that is outstanding.

Solution

Answer option is - A

That is the par value of all capital stock issued it is also called as the par value of stock that has been issued

Legal capital is the amount of the company equity that cannot be permitted to leave the business, it is also not allowed to distributed through dividend/any other means