Refer to the 2011 balance sheet for Arctic Cat in Appendix A. What is the par value

Question:

Refer to the 2011 balance sheet for Arctic Cat in Appendix A. What is the par value per share of its common stock? Suggest a rationale for the amount of par value it assigned.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...