What is the historical significance of par value?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

See More Books

Question Posted: Jan 28, 2012 05:56 AM

See More Questions

What is the historical cost concept and how does it relate to verifiability?
What is the historical relationship between real GDP and inflation? What lesson might be learned from observing this relationship?
What is the historical relationship between stock prices, corporate profits, and interest rates?
Cummings Corp. has three business segmentsthe Plumbing Parts division, Small Tools division, and Design Printing division. Carol Jenkins (Cummings' CFO) and William Samuels (head of Production) would...
What are some of the different roles played by different brands in a brand portfolio? Give an example of each.
Find the inverse by GaussJordan (or by (4*) if n = 2). Check by using (1). 0.1 -0.4 2.5
A 60-g Mars bar will supply you with $1095 \mathrm{~kJ}$ of energy. How many of them would you need to get enough energy to climb the first $800 \mathrm{~m}$ of the highest structure in the...
Referring to the Texas Lotto situation in Problem 7-20 suppose the investor has changed his attitude about the investment and wishes to give greater emphasis to the risk of the investment, now the...
25 25 A piece of wire of resistance R is cut into three equal parts. These parts are then connected in parallel. If the equivalent resistance of this parallel combination is R, what is the value of...
You were recently hired to improve the financial condition of Idaho Springs Hardware, a small chain of three hardware stores in Colorado. On your first day the owner, Chuck Vitaska, told you that the...
In your audit of the books of Dyer Corporation for the year ended September 30, 2011, you found the following items in connection with the companys patents account: (a) The company had spent $120,000...
Transactions during 2011 of the newly organized Menlove Corporation included the following: Jan. 2 Paid legal fees of $15,000 and stock certificate costs of $8,300 to complete organization of the...
What is the difference between a gift and a bribe? How would you, as a representative of your company, respond to the offer of a questionable bribe from an international government or business...
A small pool of fire burns at the rate of 293g/m min with a diameter of 5.8m and heat of combustion of the fuel is 3221kJ/g. Determine the heat release rate. Round answer to 2 decimal places and...
Explains the accounting method's effect on specific financial statements clearly and with sufficient detail to demonstrate why the company chose it. Compare how two accounting methods differ in their...
What does keeney o brien recommends to manage the time and responsibilities effectively ?
How do you promoting the free exercise of speech and religion and resisting the forces of totalitarianism that seek to crush dissenting opinions and beliefs.
For the following program: Execute the program by single steps. For each step write vales of registers IP, AX, CX, SI, DI, and Flag. MOV CX,0200H MOV AX, OD2A4 H XCHG AX, CX MOV SI,100H MOV DI,120H...
What is the output of the following program? Assume the file paths referenced in the class exist and are able to be written to and read from. A. 1,Red B. 2,Green C. 2,null D. 3,Purple E. 4,null F....
Inexhaustible collections of ONPOs are not required to be capitalized or depreciated, if certain criteria are met. Why is this so, and what accounting and reporting recognition, if any, is required...
A writer (seller) of a CocaCola sixmonth put at $55 per share is obligated, under certain circumstances, to receive from the put holder 100 shares of Coke for which the writer will pay $55 per share....
You are auditing the December 31, 2011, financial statements of Hackney, Inc., manufacturer of novelties and party favors. During your inspection of the company garage, you discovered that a 2010...
Goring Dairy leases its milking equipment from King Finance Company under the following lease terms. 1. The lease term is 10 years, non-cancelable, and requires equal rental payments of $30,300 due...
What is the purpose of the statement of cash flows? What information does it provide?
Cave Hardware's forecasted sales for April, May, June, and July are $210,000, $230,000, $110,000, and $290,000, respectively. Sales are 60 collected in the month following the sale. Cost of goods...
On February 1, 2024, Strauss-Lombardi issued 9% bonds, dated February 1, with a face amount of $940,000. . The bonds sold for $859,357 and mature on January 31, 2044 (20 years). . The market yield...
Cash received from: Collections from customers $384,000 Interest on notes receivable 8,000 Collection of notes receivable 54,000 Sale of investments 32,000 Issuance of notes payable 104,000 Cash paid...

What is the historical significance of par value?

Question:

Step by Step Answer:

Historically par value was equal to the market value of the sha...View the full answer

Intermediate Accounting

Students also viewed these Accounting questions