Chapter 6
Corporations: Contributed Capital and Dividends
259
AS-18 (
3
)
Which feature of preferred shares gives shareholders the right to receive dividends in arrears?
AS-19 (
3
)
Explain the difference between no-par value shares and par value shares. How are no-par
value shares valued at issuing?
AS-20 (
4
)
When shares of a corporation are issued in exchange for assets or services, how are the shares
valued in the corporation’s books?
