A corporation's legal capital
A. is established to protect the corporation's creditors.
B. is a requirement established by the SEC to aid in enforcement of regulations.
C. is the amount of cash received by the corporation from its shareholders when it originally issues stock.
D. allows a corporation to declare dividends of any amount.
Answer: A
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Two hundred fifty units of Component X are scheduled for production. Each unit of X requires labor standard time of 2 hr per unit and machine standard time of 1 hr per unit. The standard labor hours of load requirements are ______.
A. 250 B. 500 C. 400 D. 350
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Indicate whether the statement is true or false