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Problem 12 Intro National Foods has made its first ever issuance of 20,000 shares with a par value of $1 at $15 each. Its book

Problem 12

Intro

National Foods has made its first ever issuance of 20,000 shares with a par value of $1 at $15 each. Its book value of net equity is $3,460,000.

Attempt 1/10 for 10 pts.

Part 1

What is the par value of its common stock?

Attempt 1/10 for 10 pts.

Part 2

What is the additional paid-in-capital?

Part 3

What is retained earnings?

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