At December 31, Year 1, Adam Corporation Has 5,000 Shares

Multiple Choice

At December 31, Year 1, Adam Corporation has 5,000 shares of par value common stock, additional paid-in capital of $25,000, total shareholders' equity of $80,000, and retained earnings of $45,000.What is the par value per share?

A) $1.00
B) $1.50
C) $2.00
D) $2.50
E) $3.00