What Is the Significance of "Par Value" for Accounting Purposes

question 61

Multiple Choice

What is the significance of "par value" for accounting purposes?

• A)The par value determines the amount of contributed surplus.
• B)Par value has no economic significance for accounting purposes.
• C)Par values determines the amount of cash received from investors.
• D)Par value shares are not permitted under IFRS or ASPE.

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Definitions:

Benzodiazepines

A class of psychoactive drugs used primarily for treating anxiety, insomnia, and for the induction of anesthesia.

Xanax

A prescription medication used to treat anxiety and panic disorders, known generically as alprazolam.

Valium

A brand name for diazepam, a medication belonging to the benzodiazepine family, used to treat anxiety, muscle spasms, seizures, and other conditions.

Neurotransmitter Receptors

Proteins on the surface of neurons that bind to neurotransmitters, allowing for the transmission of signals across the synaptic gap.