Chat with us, powered by LiveChat 1. Why do firms designate an amount as the par val - BonPapers

1. Why do firms designate an amount as the par val

1. Why do firms designate an amount as the par value of stock? Does par value indicate the selling price or market value of the stock?2. If a firm has a net income for the year, will the balance in the Retained Earnings account equal the net income? What is the meaning of the balance of the account?

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