Why this is mistaken
Par value measures what a share is worth. Par or stated value is a legal amount. It differs from issue price, fair value, liquidation value, and book value.
Where to watch
When this mistake may appear
- A balanced total equity amount appears to support the transaction.
Check your work
Your work may contain this mistake if:
- Posts the event without reconciling class rights, share counts, dates, and source-specific equity balances.