Divide the Total Stock Par Value by the Outstanding Shares If you know the total value of a stock at par, you then need to find the number of outstanding shares. This number may be listed on the balance sheet, but can also be found on the company’s quarterly Securities and Exchange Commission filings.

Is the par value of a stock legally significant?

In regards to shares of stock, it’s a legal term indicating the stock’s value as set forth in its corporate charter. “Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments.

How much is a share of no par stock worth?

B. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has a $1 per share stated value. C. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000.

How much is a share of common stock worth?

A corporation issued 6,100 shares of $10 par value common stock in exchange for some land with a market value of $92,000. The entry to record this exchange is what? A company reissued 50 shares at $46 per share.

How many shares of preferred stock were issued?

A company issued 70 shares of $30 par value preferred stock for $4,000 cash. The journal entry to record the issuance is: A company had 18,500 shares of $5 par value common stock outstanding when the board of directors declared a stock dividend of 6,845 shares.

What is the value of Zende common stock?

Prepare the journal entry to record Zende Company’s issuance of 75,000 shares of $5 par value common stock assuming the shares sell for: A. $5 cash per share. B. $6 cash per share. A. Debit Cash: 375,000 75,000*5 Credit Common stock, $5 par value: 375,000 B. Debit Cash: 450,000 75,000*6 Credit Common stock, $5 par value: 350,000