Regarding the issuance of stock, which of the following statements is incorrect? O Large corporations need huge quantities of money. The issue price is the amount the corporation receives from issuing its stock. A company can sell its stock directly to stockholders, or it can use the services of the Securities and Exchange Commission. Large corporations cannot finance all their operations through borrowing, so they raise capital by issuing stock.
Regarding the issuance of stock, which of the following statements is incorrect? O Large corporations need huge quantities of money. The issue price is the amount the corporation receives from issuing its stock. A company can sell its stock directly to stockholders, or it can use the services of the Securities and Exchange Commission. Large corporations cannot finance all their operations through borrowing, so they raise capital by issuing stock.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Regarding the issuance of stock, which of the following statements is incorrect?
Large corporations need huge quantities of money.
The issue price is the amount the corporation receives from issuing its stock.
A company can sell its stock directly to stockholders, or it can use the services of the Securities and Exchange Commission.
Large corporations cannot finance all their operations through borrowing, so they raise capital by issuing stock.
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