The par value of common stock represents:
A. The arbitrary dollar amount assigned to a share of stock.
B. The liquidation value of a share.
C. The book value of a share of stock.
D. The amount received when the stock was issued.
Answer: A
The par value of common stock represents:
A. The arbitrary dollar amount assigned to a share of stock.
B. The liquidation value of a share.
C. The book value of a share of stock.
D. The amount received when the stock was issued.
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