Question
Common Products has just made its first issue of stock. It raised $1.0 million by selling 200,000 shares of stock to the public. These are
| Common Products has just made its first issue of stock. It raised $1.0 million by selling 200,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $2. Complete the following table: |
| Common stock (par value) | $ |
| Additional paid-in capital | $ |
| Retained earnings | $ |
| Net common equity | $ 1,800,000 |
|
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
