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A Firm Has $4,000,000 in Its Common Stock Account and $10,000,000

Question 25

Multiple Choice

A firm has $4,000,000 in its common stock account and $10,000,000 in its paid-in capital account. The firm issued 1,000,000 shares of common stock. What is the par value of the common stock?


A) $40 per share
B) $10 per share
C) $4 per share
D) $14 per share

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