Par value a. represents the original selling price for one share. b. is established for a share
Question:
Par value
a. represents the original selling price for one share.
b. is established for a share of share after it is issued.
c. may exist for ordinary share but not for preference share.
d. represents what a share is worth.
e. is an arbitrary amount that establishes the legal capital for each share.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting International Financial Reporting Standards
ISBN: 9780273777809
1st Global Edition
Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy
Question Posted: