Asked by
Pradeep kumar
on Nov 30, 2024
Verified
Shares without par value may be issued for any amount set by the board or the shareholders.
Par Value
The face value of a bond or stock as stated by the issuing company, which may differ from its market value.
- Distinguish between par value and no par value stocks and their implications for capital surplus.
Verified Answer
GA
Learning Objectives
- Distinguish between par value and no par value stocks and their implications for capital surplus.