Stated value of no-par stock is:

a. Another name for redemption value.
b. An amount assigned to par value stock by the state of incorporation.
c. The market value of the stock on the date of issuance.
d. The difference between the par value of stock and the amount below or above par value contributed by the stockholder.
e. An amount assigned to no-par stock by the corporation's board of directors.

Question

12-12-2019
Business

contestada

Stated value of no-par stock is:

a. Another name for redemption value.
b. An amount assigned to par value stock by the state of incorporation.
c. The market value of the stock on the date of issuance.
d. The difference between the par value of stock and the amount below or above par value contributed by the stockholder.
e. An amount assigned to no-par stock by the corporation's board of directors.

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agustinsr99 agustinsr99 · Answer 1 · 2019-12-12T14:54:04+01:00

agustinsr99 agustinsr99

12-12-2019

Answer: The correct answer is "e. An amount assigned to no-par stock by the corporation's board of directors.".

Explanation: Stated value of no-par stock is: An amount assigned to no-par stock by the corporation's board of directors.

The board of directors of the corporation are those who designate a declared value for no-par stock.

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hamzatauseef hamzatauseef · Answer 2 · 2019-12-12T15:33:21+01:00

Answer:

C. The market value of the stock on the date of issuance.

Explanation:

No-par stocks do not have any par value printed on them.This helps companies avoid the theoretical liability for if the stock falls below the par value. When there is no par value of stock, investors pay what they think is the right price according to cash flows and profitability of the issuing company, thus no-par stocks carry a market value as associated with it by the investors.

Hope that helps.