20-85 The par value of shares is
A) the face or stated value of shares issued upon establishment of the FI.
B) the difference between the market price at the time of issue and the face value of the shares.
C) the value of the shares if interest rates are constant.
D) the book value of the shares outstanding.
E) the face value of the shares plus accumulated past earnings.
Correct Answer:
Verified
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