What is the par value per share?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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7. What is the par value per share? 

Mars Corporation recorded the following journal entry:
Land
450,000
Preference share capital
Share premium-preference
To record issuance of preference shares @120
420,000
30,000
Per share.
Transcribed Image Text:Mars Corporation recorded the following journal entry: Land 450,000 Preference share capital Share premium-preference To record issuance of preference shares @120 420,000 30,000 Per share.
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