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son4ous [18]
3 years ago
7

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

Mathematics
2 answers:
valentinak56 [21]3 years ago
8 0
A. $40.00 is the correct answer here
lutik1710 [3]3 years ago
4 0

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.

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