An arbitrary amount assigned by the board of directors to each share of a given class of
Question:
An arbitrary amount assigned by the board of directors to each share of a given class of no-par stock is:
a. Quasi-par value.
b. Stated value.
c. Redemption value.
d. Liquidation value. mk55
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Kirti Kaushal
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Related Book For 
Accounting A Business Perspective
ISBN: 9780075615859
7th Edition
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
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