No-par value shares have a minimum stated value of P5.00 per share.Group of answer choicesTrueFalse

The statement that "No-par value shares have a minimum stated value of P5.00 per share" is False.

No-par value shares do not have a nominal or par value specified. Instead, they are issued without a par value, meaning that their value is determined by the market, and there is no minimum stated value imposed by law or regulation. The absence of a par value allows companies more flexibility in managing their equity structure and pricing their shares. This means that the company can issue these shares at any price above P0, subject to market conditions and company policies, without being constrained by a predetermined minimum value.

In conclusion, the assertion that no-par value shares have a minimum stated value of P5.00 is incorrect. Therefore, the answer is False.