3. The par value per share of common stock represents the a.dollar amount assign

Question

3.

The par value per share of common stock represents the

a.dollar amount assigned to each share

b.amount of dividends per share to be received each year

c.minimum selling price of the stock established by the articles of incorporation

d.minimum amount the stockholder will receive when the corporation is liquidated

4.The primary purpose of a stock split is to

a.reduce the market price of the stock per share

b.increase paid-in capital

c.increase retained earnings

d.increase the market price of the stock per share

Explanation / Answer

3) Par value of per share means minimum selling price of the common stock established by the article of incorporation.

so answer is c) minimum selling price of the stock established by the articles of incorporation.

4) The primary purpose of stock split is to

a) reduce the market price of the stock per share

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