Explain the importance of disclosing the liquidation value of preferred stock, if different from par or stated

Question:

Explain the importance of disclosing the value of preferred stock, if different from par or stated value, for analysis purposes.

Liquidation
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due....