When a Company Sells Stock at an Amount Less Then

question 17

Multiple Choice

When a company sells stock at an amount less then par value, the amount is referred to as:

• A) a discount.
• B) a premium.
• C) a bonus.
• D) Companies cannot sell stock for more than par value.

---

Definitions:

Modiolus

Central core of spongy bone about which turns the spiral canal of the cochlea.

Organ Of Corti

Named for Italian anatomist Marquis Alfonso Corti (1822–1888). Spiral organ; rests on the basilar membrane and supports the hair cells that detect sounds.

Perilymph

Fluid contained within the bony labyrinth of the inner ear.

Medial Geniculate Nucleus

A part of the thalamus that acts as a relay station for auditory information on its way to the cerebral cortex.