The equity section of the balance sheet for Jackson Halftime Entertainment, Inc appears below Common stock, $0 60 par value $ Paid in capital in excess of par $10,000,000 Retained earnings $22,000,000 If the company originally raised $11,000,000 in its stock issue, how many shares did it sell and a...

If the company raised 11 million then ...

The equity section of the balance sheet for Jackson Halftime Entertainment, Inc. appears below: Common stock, $0.60

Question:

The equity section of the for Jackson Halftime Entertainment, Inc. appears below:
Common stock, $0.60 ...... $_________
Paid-in capital in excess of par ....... $10,000,000
Retained earnings ........... $22,000,000
If the company originally raised $11,000,000 in its stock issue, how many shares did it sell and at what price?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...