**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.⚠️ *Click* **Submit** *to complete this assessment.*

A par value of share is also called as Face value.

Answered: on 10 e par value per share of common…

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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The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume that 45,000 shares were originally issued and 6,100 were subsequently reacquired. What is the number of shares outstanding? a.38,900 b.6,100 c.51,100 d.45,000
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The charter of a corporation provides for the issuance of 139,000 shares of common stock. Assume that 54,000 shares were originally issued and 13,700 were subsequently reacquired. What is the number of shares outstanding? a. 139,000 b. 54,000 c. 40,300 d. 13,700
The charter of a corporation provides for the issuance of 117,000 shares of common stock. Assume that 56,000 shares were originally issued and 13,700 were subsequently reacquired. What is the number of shares outstanding? a.56,000 b.13,700 c.42,300 d.117,000
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Question Content Area The charter of a corporation provides for the issuance of 101,000 shares of common stock. Assume that 56,000 shares were originally issued and 7,000 were subsequently reacquired. What is the number of shares outstanding? a. 56,000 b. 63,000 c. 7,000 d. 49,000

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