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12. The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. What is the par value of each share? A. $400 B. $500 C. $40 D. $50 User: 13. All insurance is based on a principle
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12. The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. What is the par value of each share? A. $400 B. $500 C. $40 D. $50 User: 13. All insurance is based on a principle called A. division of risk. B. investment premiums. C. cash value coverage. D. premium earnings.

User Einschnaehkeee
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1 Answer

3 votes
just take 200,000 and divide it by 4,000
200000/4000=50
the answer is D $50
User Russell Heilling
by
8.1k points
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