on 10 e par value per share of common stock represents: a. an arbitrary amount established in the articles of incorporation b. the amount of dividends per share to be received each year c. the minimum selling price of the stock established by the articles of incorporation. d. the minimum amount the stockholder will receive when the corporation is liquidated.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 4MC: Par value of a stock refers to the ________. A. issue price of a stock B. value assigned by the...
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Question 10
The
par value per share of common stock represents:
a. an arbitrary amount established in the articles of incorporation
b. the amount of dividends per share to be received each year
c. the minimum selling price of the stock established by the articles of incorporation.
d. the minimum amount the stockholder will receive when the corporation is liquidated.
A Click Submit to complete this assessment.
Transcribed Image Text:Question 10 The par value per share of common stock represents: a. an arbitrary amount established in the articles of incorporation b. the amount of dividends per share to be received each year c. the minimum selling price of the stock established by the articles of incorporation. d. the minimum amount the stockholder will receive when the corporation is liquidated. A Click Submit to complete this assessment.
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