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arlik [135]
2 years ago
12

The par value or stated value of stock represents the amount of legal capital that a corporation must maintain for the protectio

n of the creditors. This statement is _______.True / False.
Business
1 answer:
ohaa [14]2 years ago
6 0

Answer:

True

Explanation:

This is the value of stock or share that was set by the owners of a corporation at the point of registration of the company. It is the price that is stated in the corporation's article of association and also in the share certificate. The par value of a share has no relationship with the market value as they can be far apart.

The par value is a value specified by law for the protection of the people who might want to extend credit to the corporation.

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The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:
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<u>fixed expenses                                                                                      </u>

controllable        $130,000        $25,000        $40,000      <u>$75,000</u>

profit margin

Noncontrollable fixed expenses and common fixed expenses are not included in the calculation of individual controllable profit margin.

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3 years ago
How much does it cost to convert a shed into a house?
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