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Ghella [55]
4 years ago
8

Stock may be described as:_________

Business
1 answer:
nydimaria [60]4 years ago
5 0

Answer:

a. an ownership interest in the corporation.

Explanation:

Stock refers to the stake of the owners of a corporation in the company.

It is sometimes referred to as shares or owner's equity and the owners of stock are called shareholders.

Stock therefore may be described as an ownership interest in the corporation represented as equity in the financial statement.

Option a is right.

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                                       Journal Entries

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