_____is always declared on the nominal value of a share irrespective of its market value.
a face value
b dividend
c bonus shares
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Face value is always declared on the nominal value of a share irrespective of its market value.
- The total stock's redemption price is the nominal value of a guarantee, the face value is then usually specified on the same guarantee's forepart.
- As far as bonds and stocks are concerned, this is the reported value of the security issued, as opposed to its market value.
- From the company's viewpoint, assigning face value is important as it allows the corporation to measure the accounting value of its shares. In the balance sheet, this value is then used.
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