Question

The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share?

Answer 1

A. $40.00 is the correct answer here

Answer 2

Answer:

$40.00

Step-by-step explanation:

Given:2,500 shares of common stock

          $100,000.00 total value

To Find :the par value of each share.

Solution:

Definition: Par value is the value written on each certificate of stock.

No. of shares = 2500

Total value = $100,000.00

So,  par value of each share =$\frac{100000}{2500}$

                                                =$40$

Hence The par value of each share is $40.00

Option A is correct.