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The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share? A. $25.00 B. $400.00 C. $40.00 D. $250.00

The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share? A. $25.00 B. $400.00 C. $40.00 D. $250.00
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The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share?

A. $25.00
B. $400.00
C. $40.00
D. $250.00

User Vijayendar Gururaja
by
8.6k points

1 Answer

5 votes
You would divide the total amount of $100,000.00 by the number of shares 2,500 to get the solution of $40.00 per share
User Shivanand T
by
8.2k points
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