Constance Corporation reported a $750,000 balance in its common stock account at the end of 2014. The company held 50,000 shares of treasury stock and had 700,000 shares outstanding.
Required:
Calculate the par value per share of the company's common stock.

Question

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The Answer of Constance Corporation reported a $750,000 balance in its common stock account at the end of 2014. The company held 50,000 shares of treasury stock and had 700,000 shares outstanding.
Required:
Calculate the par value per share of the company's common stock.

Constance Corporation Reported a $750,000 Balance in Its Common Stock