Shares That Have a Fixed Per-Share Amount Printed on Each

question 62

Multiple Choice

Shares that have a fixed per-share amount printed on each share certificate are called

• A)stated value shares.
• B)fixed value shares.
• C)uniform value shares.
• D)par value shares.

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Definitions:

Unqualified Audit Opinion

An unqualified audit opinion is a judgment by an auditor that a company's financial statements are fairly and appropriately presented, without any identified exceptions, and in conformity with Generally Accepted Accounting Principles (GAAP).

Scope Paragraph

A section of an auditor's report that describes the extent of the examination of the financial statements and the accounting principles applied.

GAAP

Generally Accepted Accounting Principles, which are a common set of accounting rules and standards used in the United States for financial reporting.

Internal Control

Systems and processes designed to ensure the reliability of financial reporting, compliance with laws and regulations, and effective and efficient operations.