Stated value of no-par stock is:
A)Another name for redemption value.
B)An amount assigned to par value stock by the state of incorporation.
C)The market value of the stock on the date of issuance.
D)The difference between the par value of stock and the amount below or above par value contributed by the stockholder.
E)An amount assigned to no-par stock by the corporation's board of directors.

Question

Quizplus · Accepted Answer

The stated value of no-par stock is an amount assigned by the corporation's board of directors, which serves a similar purpose to par value in accounting terms.

Stated Value of No-Par Stock Is