Why is common stock usually not issued at a price that is less than par value?

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Sep 22, 2022 06:23 AM

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Why common stock is usually not issued at a price that is less than par value?
Why are ordinary shares usually not issued at a price that is less than par value?
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Why is common stock usually not issued at a price that is less than par value?

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Accounting Principles

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