Asked by
Yamilet Thompson
on Nov 30, 2024
Verified
The Revised Act, the 1980 Amendments to the MBCA, and over half of the states have eliminated the concept of:
A) par value.
B) stated capital.
C) capital surplus.
D) All of these.
Par Value
The nominal or face value of a share of stock or a bond as stated by the issuer.
Stated Capital
The portion of a corporation's share capital that has been formally allocated for issuance and recorded in the company's financial statements.
- Differentiate between stocks with a par value and those without, and understand their effects on surplus capital.
Verified Answer
CK
Learning Objectives
- Differentiate between stocks with a par value and those without, and understand their effects on surplus capital.