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Statement I: In the case of no-par value share capital, legal capital is the aggregate...

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Accounting

Statement I: In the case of no-par value share capital, legal capital is the aggregate stated value of shares issued and subscribed plus any excess over stated value.

Statement II: The purchase of treasury shares increases the number of shares issued but it reduces the number of shares outstanding.

A. True, False

B. False, True

C. True, True

D. False, False

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