Solved

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

Question 59

Multiple Choice

A firm has $4,000 in its common stock account and $10,000 in its paid-in capital account. The firm issued 1,000 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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q54: The book value per share is based

Q55: Depreciation is an accrual accounting entry that

Q56: Net worth is equal to stockholders' equity<br>A)

Q57: Sales minus cost of goods sold is

Q58: A cash flow statement is considered correct

Q60: The primary disadvantage of accrual accounting is

Q61: Increasing interest expense will have what effect

Q62: A firm has $1,500,000 in its common

Q63: Marketable securities are short term investments and

Q64: When a firm's earnings are falling more