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Which of the following statements best describes the term par value? Multiple Choice The number of shares currently in the hands of stockholders The amount

Which of the following statements best describes the term "par value?"

Multiple Choice

The number of shares currently in the hands of stockholders

The amount that must be paid to purchase a share of stock

Determined by dividing total stockholder's equity by the number of shares of stock

An amount used in determining a corporation's legal capital

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