Common Products has just made its first issue of stock. It raised $1.4 million by selling...
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
Homework Answers
common stock par value = 50000 * 3 = 150000
additional paid in capital = amount raised - common stock par value
= 1400000 - 150000
= 1250000
retained earnings = Net common equity - common stock value - additional paid in capital
= 2000000 - 150000 - 1250000
= 600000
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