The par value of ordinary share represents The liquidation value of the share •The book value of the share •The legal nominal value assigned to the share •The amount received by the entity when the share was originally issued 2 an advantage of a corporation is •ease of formation limited liability regulation double taxation

The par value of ordinary share represents The liquidation value of the share •The book value of the share •The legal nominal value assigned to the share •The amount received by the entity when the share was originally issued 2 an advantage of a corporation is •ease of formation limited liability regulation double taxation

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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Question

The par value of ordinary share represents
•The liquidation value of the share
•The book value of the share
•The legal nominal value assigned to the share
•The amount received by the entity when the share was originally issued 2 an
advantage of a corporation is
•ease of formation limited liability regulation double taxation

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