30. The par value of ordinaryshare capital representsa. the liquidation value of the sharecapital.b. the book value of the sharecapital.c. the legal nominal value assignedto the share capital.d. the amount received by thecorporation when the share wasoriginally issued.

>The corporations get their finance mainly from the issuance of share capital.>The share…

Answered: 30. The par value of ordinary share…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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30. The par value of ordinary share capital represents a. the liquidation value of the share capital. b. the book value of the share capital. c. the legal nominal value assigned to the share capital. d. the amount received by the corporation when the share was originally issued.