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

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

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

A. $500
B. $400
C. $40
D. $50