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

---

Definitions:

Family Planning

The practice of controlling the number of children one has and the intervals between their births, particularly by means of contraception or voluntary sterilization.

Oral Contraceptives

Medications taken by mouth to prevent pregnancy, consisting of hormones that inhibit female fertility.

Quick Start Method

A contraception initiation technique where birth control is started immediately, regardless of the menstrual cycle phase, to provide prompt contraceptive effect.

Spontaneous Abortions

Medical term for miscarriages, referring to the natural loss of a pregnancy before the fetus can survive outside the womb.