The Par Value of Ordinary Shares Must Always Be Equal

question 216

True/False

The par value of ordinary shares must always be equal to its fair value on the date the shares are issued.

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Definitions:

Eardrum

A thin membrane that marks the beginning of the middle ear; sound waves cause the eardrum to vibrate.

Cochlea

A coiled, bony, fluid-filled tube in the inner ear that houses the sensory receptors.

Auditory Nerve

The nerve that transmits auditory information from the cochlea in the inner ear to the brain.

Higher-Frequency Sounds

Sounds that have a higher pitch due to their faster vibration rates, typically above the normal human hearing range of 20 to 20,000 hertz.