Why is it important to keep paid-in capital separate
1. Why is it important to keep paid-in capital separate from earned capital?
2. As an investor, is paid-in capital or earned capital more important? Explain why.
3. As an investor, are basic or diluted earnings per share more important? Explain why.
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How does the Securities Act of 1933, which imposes civil liability on auditors for misrepresentations or omissions of material facts in a registration statement, expand auditors' liability to purchasers of securities beyond that of common law?
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