the hamilton brush company issued 2,500 shares of the common stock worth $100,000.00 total.what is the par value of each share
$400.00 is the wrong answer.
100,000/2.500 = ?
$400.OO
To determine the par value of each share, you need to divide the total value of the shares by the number of shares issued.
Given:
Total value of shares = $100,000.00
Number of shares issued = 2,500
To find the par value per share, follow these steps:
1. Divide the total value of the shares by the number of shares issued:
$100,000.00 / 2,500 = $40.00
Therefore, the par value of each share is $40.00.