Nash Company acquired Seel Corporation through an exchange of common shares.All of Seel's assets and liabilities were immediately transferred to Nash.Nash's common stock was trading at $25 per share at the time of the exchange.The total par value of Nash's stock outstanding before and after the acquisition was $750,000 and $840,000,respectively.Nash's additional paid-in capital before and after the acquisition were $200,000 and $560,000,respectively.
-Based on the preceding information,what is the par value of Nash's common stock?

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The Answer of Nash Company acquired Seel Corporation through an exchange of common shares.All of Seel's assets and liabilities were immediately transferred to Nash.Nash's common stock was trading at $25 per share at the time of the exchange.The total par value of Nash's stock outstanding before and after the acquisition was $750,000 and $840,000,respectively.Nash's additional paid-in capital before and after the acquisition were $200,000 and $560,000,respectively.
-Based on the preceding information,what is the par value of Nash's common stock?

Nash Company Acquired Seel Corporation Through an Exchange of Common