The par value of ordinary shares is equal to? a. The amount received by the corporation when the share is originally issued. b. The amount of which the share is currently trading in the stock market. c. A designated peso amount per share established in the articles of incorporation d. A designated peso amount per share which should not be lower than ₱5. e. All of the choices
The par value of ordinary shares is equal to? a. The amount received by the corporation when the share is originally issued. b. The amount of which the share is currently trading in the stock market. c. A designated peso amount per share established in the articles of incorporation d. A designated peso amount per share which should not be lower than ₱5. e. All of the choices
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The par value of ordinary shares is equal to?
a. The amount received by the corporation when the share is originally issued.
b. The amount of which the share is currently trading in the stock market.
c. A designated peso amount per share established in the articles of incorporation
d. A designated peso amount per share which should not be lower than ₱5.
e. All of the choices
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