Explain these terms and highlight the differences between them: No par value shares. Nominal value
Question:
Explain these terms and highlight the differences between them:
• No par value shares.
• Nominal value and market value.
• Ordinary shares and preference shares.
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No Par Value Shares No par value shares also known as no par or no par stock refer to shares of a companys stock that are issued without a predetermined par value Par value is the minimum price at whi...View the full answer
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Related Book For 
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
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