Par value of a share refers to the:
A) Issue price of the share.
B) Value assigned per share.
C) Market value of the share on the date of the financial statements.
D) Maximum selling price of the share.
E) Dividend value of the share.

Question

Quizplus · Accepted Answer

Par value of a share refers to the value assigned per share, which is usually set at a low amount such as $0.01 or $0.10. It is not necessarily related to the issue price, market value, selling price, or dividend value of the share.

Par Value of a Share Refers to The