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Common Products has just made its first issue of stock. It raised $1.2 million by selling 150,000 shares of stock to the public. These are
Common Products has just made its first issue of stock. It raised $1.2 million by selling 150,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $3. Complete the following table: (Enter your answers in dollars, not in millions.)
common stock (par value) | |
Additional paid-in capital | |
Retained earnings | |
net common equity | 1,600,000 |
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