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What does common stock mean on a balance sheet

30/04/2021 Client: muhammad11 Deadline: 2 Day

A hotel company’s balance sheet shows assets of $15,000,000 and liabilities of $6,000,000. The company has issued 1.5 million shares of common stock. The total value of common stock recorded on the company’s balance sheet is $60,000,000. What is the par value of one share of this company’s common stock?

a. $40.00

b. $21.00

c. $2.21

d. $4.00

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