Par value of preferred stock is frequently a significant figure, but par value of common stock possesses

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"Par value of preferred stock is frequently a significant figure, but par value of common stock possesses little significance." Why may par value of preferred stock be significant? In what way is the par value of common stock with a par value different from the stated value of no-par common stock?

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Financial Accounting An Introduction To Concepts Methods And Uses

ISBN: 9780030452963

2nd Edition

Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney

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