An amount determined by the corporation board of directors and assigned to no-par value stock is:

Question

Quizplus · Accepted Answer

When a corporation assigns an amount to no-par value stock, it is referred to as stated value. Par value is a specific value assigned to a share of stock by the corporation, book value is the value of assets minus liabilities on the balance sheet, and market value is the current price at which the stock is trading on the market. None of these options accurately describe the situation described in the question.

An Amount Determined by the Corporation Board of Directors and Assigned