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Common Products has just made its first issue of stock. It raised $1.4 million by selling 50,000 shares of stock to the public. These are
Common Products has just made its first issue of stock. It raised $1.4 million by selling 50,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $3. Complete the following table:
Common Stock (par value): ?
Additional paid-in capital: ?
Retained earnings: ?
Net common equity: $2,000,000
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