the waverly brush company issued 4000

Hi, I have a question and I hope anyone could answer it:

The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. What is the par value of each share?

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1 Answer

  1.  

     The par value of each share is $50.

    x = 200,000/4,000

    x = 50