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  • 05 - Legal Capital

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    Erika Mae Legaspi
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    Legal capital refers to the minimum amount of consideration a company must receive in exchange for shares of stock issued. To determine legal capital for par value shares, multiply the par value by the number of shares issued, while for no-par value shares the legal capital is the consideration received. An example is provided to illustrate how to calculate legal capital based on the type of stock issued.

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    Legal capital refers to the minimum amount of consideration a company must receive in exchange for shares of stock issued. To determine legal capital for par value shares, multiply the par value by the number of shares issued, while for no-par value shares the legal capital is the consideration received. An example is provided to illustrate how to calculate legal capital based on the type of stock issued.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    140 views7 pages

    05 - Legal Capital

    Uploaded by

    Erika Mae Legaspi
    Legal capital refers to the minimum amount of consideration a company must receive in exchange for shares of stock issued. To determine legal capital for par value shares, multiply the par value by the number of shares issued, while for no-par value shares the legal capital is the consideration received. An example is provided to illustrate how to calculate legal capital based on the type of stock issued.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    Legal Capital

    What is Legal Capital?


    How to Determine Legal Capital?

     If Par Value Share

     If No-par Value Share


    Illustrative Example:
    Solution:
    Solution:
    Solution:

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