Common Products has just made its first issue of stock. It raised $2.0 million by selling 300,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $2. Complete the following table: (Enter your answers in dollars, not in millions.) Common Stock (par value) ___________? Additional paid-in capital ___________? Retained earnings ___________ ? Net common equity $2,400.000
Common Products has just made its first issue of stock. It raised $2.0 million by selling 300,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $2. Complete the following table: (Enter your answers in dollars, not in millions.) Common Stock (par value) ___________? Additional paid-in capital ___________? Retained earnings ___________ ? Net common equity $2,400.000
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 12MC: A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting...
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Common Products has just made its first issue of stock. It raised $2.0 million by selling 300,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $2. Complete the following table: (Enter your answers in dollars, not in millions.)
Common Stock (par value) ___________?
Additional paid-in capital ___________?
Net common equity $2,400.000
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