- 1 Marks
Question
The “face value” of the shares in limited companies is known as ____________.
Answer
Nominal Value or Par Value
Explanation:
The nominal value or par value of a share is the amount stated on the share certificate and represents the minimum price at which the share can be issued by the company.
- Tags: Company Capital, Face Value, Shares
- Level: Level 1
- Topic: Elements of Financial Statements
- Series: NOV 2013
- Uploader: Theophilus