Which of the Following Statements Is Not True About the Par

Multiple Choice

Which of the following statements is not true about the par value of common stock?

A) The par value is not the same as the market value of the stock.
B) The par value is a nominal amount identified in the corporate charter.
C) The par value is the amount credited to the common stock account when the stock is issued.
D) The par value is the amount credited to common stock when treasury stock is reissued.