Stated value
Stated value is arbitrary value placed by the board of directors on each share of no-par stock to fulfill legal capital requirements.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Stated value. Arbitrary value placed by the board of directors on each share of no-par stock to fulfill legal capital requirements.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
