Paul incorporated Antler
Paul contributes $1,000,000 cash in exchange for 100,000 common shares in Antler
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need a journal entry
To calculate the value of each share in Antler, you need to divide the cash contribution by the number of shares received by Paul.
To calculate the value per share:
Value per share = Cash contribution / Number of shares
In this case, Paul contributed $1,000,000 cash and received 100,000 common shares, so we can plug these values into the formula:
Value per share = $1,000,000 / 100,000
= $10
Therefore, each share in Antler is valued at $10.