Par value a. represents the original selling price for one share. b. is established for a share

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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.

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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