When a Company Issues No-Par Stock with No Stated Value

question 30

Essay

When a company issues no-par stock with no stated value, there is no need for an account titled "paid-in capital in excess of par."

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Definitions:

Very Strong Association

A term used in statistics to describe a relationship between two variables that shows a high level of correlation or dependency.

Linear Association

A relationship between two variables that can be graphically represented with a straight line, indicating that changes in one variable correlate to changes in the other.

Negative Association

A connection between two variables where as one variable rises, the other falls.

Moderately Strong Association

A term in statistics indicating a fairly significant relationship between two variables, though not perfectly predictive.