Which of the following statements is false?
A)The common stock account has a credit balance.
B)The additional paid-in capital account has a credit balance.
C)Contributed capital consists of common stock and additional paid-in capital.
D)The par value of a stock represents the stock's fair value.

Question

Quizplus · Accepted Answer

The par value represents the minimum amount a stockholder must contribute.

Which of the Following Statements Is False