What is a corporation legal capital, Accounting Basics

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What is a corporation legal capital

Response to the following questions:

1. What is a corporation's legal capital and why is it important?

2. How is a corporation's legal capital determined, assuming its capital stock has a par value, a stated value, or no par value?

3. What are the three components and the basic framework of stockholders' equity?

If possible, please give examples to better understand your response.

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Accounting Basics: What is a corporation legal capital

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Accounting Basics: What is a corporation legal capital

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