Which Is NOT a Value Placed on a Certificate for a Share

question 39

Multiple Choice

Which is NOT a value placed on a certificate for a share of the company's stock?

• A)Par
• B)Stated value
• C)No par
• D)Market value

---

Definitions:

Credit Balance

A situation in a financial account where the amount of money deposited exceeds the money withdrawn, or in accounting, when credits exceed debits in an account.

Credit Sales

Transactions in which goods or services are provided to a customer with an agreement to pay later.

Bad Debt Expense

An expense account reflecting the cost of accounts receivable that a company does not expect to collect and has written off.

Allowance Method

An accounting technique used to estimate uncollectible accounts receivable and record bad debts expense.