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

Question

Quizplus · Accepted Answer

The stated value of a no-par share is an amount assigned to the share by the corporation's board of directors. This value is somewhat analogous to the par value for par value shares, but for no-par shares, it is determined after issuance by the board.

Stated Value of No-Par Share Is