Summer Corporation registers an issuance of Common Stock class B with agreed upon par value of $5. Another term sometimes used in place of "par" is _______________.

Question

Quizplus · Accepted Answer

The term "par" is often used interchangeably with "stated value" in reference to the minimum amount that a share of stock can be sold for. Therefore, D, "par or stated value," is the best choice. Current market value, most recent issue price, and lower of cost or market are not synonyms for "par" or "stated value."

Summer Corporation Registers an Issuance of Common Stock Class B