The King Washington Amendment of common stock par value refers to a process whereby a company seeks to change the predetermined monetary value assigned to each share of its common stock. This amendment allows the company to modify the minimum price at which its shares can be issued and sold to shareholders. The amendment is usually required when a company determines that its current par value no longer reflects the market value or actual worth of its common stock. By adjusting the par value, companies can better align the stated value of their common stock with the prevailing market conditions and the intrinsic value of the company. Keywords: 1. King Washington Amendment: This term specifically refers to the process of amending the common stock par value within the framework of the company named King Washington. 2. Common Stock: Denotes the standard type of stock that represents ownership in a corporation. It provides shareholders with voting rights and the possibility of receiving dividends. 3. Par Value: Indicates the nominal or face value assigned to each share of common stock. It represents the minimum price at which shares can be issued. 4. Stock Market: The market where investors can buy and sell stocks of publicly traded companies. Par value adjustments can influence stock prices and market dynamics. 5. Intrinsic Value: The underlying actual value of a company's common stock as determined by its assets, earnings potential, and market position. 6. Shareholders: Individuals or entities that own shares of a company's common stock. They have the right to vote on major company decisions and receive dividends. 7. Market Value: The current price at which a company's common stock is traded on the stock market. It reflects the supply and demand dynamics as well as investor sentiment. Types of King Washington Amendment of Common Stock Par Value: 1. Increase: The company decides to raise the par value due to favorable market conditions, increased perceived value, or to comply with legal requirements. 2. Decrease: When the market conditions or internal considerations suggest that the current par value is inflated relative to the actual worth of the company's common stock, a decrease in par value is warranted. 3. Elimination: In some cases, a company may choose to eliminate the par value altogether. This provides flexibility in setting share prices that may better align with market dynamics. Please note that the specifics of King Washington's amendment may differ based on the company and relevant laws and regulations governing such amendments in its jurisdiction.