What is the total par value of the issued shares of this financial accounting question? Everest Technologies Inc. issues 150 million shares ofcommon stock with a par value of $1.50 per share. Theadditional paid-in capital is $1.2 billion.What is the total par value of the issued shares?

Step 1: IntroductionThe total par value includes only the par value of issued shares and does not…

Answered: Everest Technologies Inc. issues 150…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 5MCQ

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Everest Technologies Inc. issues 150 million shares of common stock with a par value of $1.50 per share. The additional paid-in capital is $1.2 billion. What is the total par value of the issued shares?