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

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Definitions:

Canadian Diet

A way of eating and nutritional guidelines that may be characteristic or recommended within Canada, focusing on local foods and balanced nutrition.

Lacto-Ovo-Vegetarian

A diet that excludes meat, fish, and poultry but includes dairy products and eggs.

Poultry

Domesticated birds raised for their eggs, meat, or feathers, including chickens, turkeys, ducks, and geese.

Plant Foods

Foods derived from plants, including vegetables, fruits, grains, nuts, and seeds, often high in fiber and essential nutrients.