Corporation B had sales revenue last year of $20 million,operating expenses of $16 million,and net profit of $4 million.There are 2 million shares of stock outstanding.What is the par value of the company's stock?

Question

Quizplus · Accepted Answer

The par value of a stock is a nominal value assigned to shares and is not determined by the company's sales revenue, operating expenses, net profit, or the number of shares outstanding. The information provided does not include the par value.

Corporation B Had Sales Revenue Last Year of $20 Million,operating