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Common Products has just made its first issue of stock. It raised $1.8 million by selling 100,000 shares of stock to the public. These are
Common Products has just made its first issue of stock. It raised $1.8 million by selling 100,000 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 $2,000,000
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