Which of the Following Statements About Par Value Is FALSE

Multiple Choice

Which of the following statements about par value is FALSE?

A) The par value per share is used to determine the dividends per share for common stock.
B) The stated value of a stock is conceptually similar to the par value of a stock.
C) It is generally illegal for a corporation to sell an original issue of common stock below the par value.
D) The par value is the maximum legal liability of stockholders if the corporation cannot pay its debts.