Asked by Summer Bourbon on May 01, 2024
Verified
Stated value means market value.
Stated Value
The value assigned to no-par-value stock by the board of directors of a company, which can then be used as the basis for accounting and legal purposes.
- Gain an understanding of the fundamentals of paid-in capital, retained earnings, and shareholders' equity.
Verified Answer
HM
Hussein MasriMay 02, 2024
Final Answer :
False
Explanation :
Stated value refers to a value assigned to a corporation's stock for internal accounting purposes, which is different from its market value, the price at which the stock is actually traded on the open market.
Learning Objectives
- Gain an understanding of the fundamentals of paid-in capital, retained earnings, and shareholders' equity.
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