The Brush Company issued 4,000 shares of common stock worth $200,000.00 total. What is the par value of each share?
To find the par value of each share, we divide the total value by the number of shares.
Par value per share = Total value / Number of shares
In this case, the Brush Company issued 4,000 shares with a total value of $200,000.00.
Par value per share = $200,000.00 / 4,000
Par value per share = $50.00
Therefore, the par value of each share is $50.00.