The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share?
2 answers:
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 =
=
Hence The par value of each share is $40.00
Option A is correct.
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