The Arbitrary Amount Assigned by a Company to a Share

question 50

Multiple Choice

The arbitrary amount assigned by a company to a share of its stock is the:

• A) no-par value.
• B) par value.
• C) dividend value.
• D) capital value.

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Definitions:

Delivery

The act of transferring possession of a good or document from one party to another, fulfilling a contractual obligation.

Document of Title

A legal document that provides evidence of ownership of property or goods.

Negotiable Document

A written instrument that promises payment to the holder and is freely transferable.

Identified

Recognized or distinguished as being a particular entity or object.