The par value on common stock has all of the following characteristics EXCEPT
A. a generally low value.
B. some states tax according to the par value.
C. indicates the market value at which the stock was originally sold.
D. stated in the corporate charter.
Answer:C
The par value on common stock has all of the following characteristics EXCEPT
A. a generally low value. B. some states tax according to the par value. C. indicates the market value at which the stock was originally sold. D. stated in the corporate charter.