General Accounting Question need answer If 100 million shares of common stock are issued with a par value of $2and additional paid in capital is $800 million, the total par value of theissued shares is:A. $200 million.B. $600 million.C. $800 million.D. $1 billion.

Step 1: Define Par ValueThe face value of a bond or the stock value indicated in the company charter…

Answered: If 100 million shares of common stock…

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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If 100 million shares of common stock are issued with a par value of $2 and additional paid in capital is $800 million, the total par value of the issued shares is: A. $200 million. B. $600 million. C. $800 million. D. $1 billion.