Common Products has just made its first issue of stock. It raised $1.0 million by selling 200,000 shares of stock to the public. These are the only...
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Screen Shot 2019-09-23 at 11.13.11 AM.png

Common Products has just made its first issue of stock. It raised $1.0 million by selling 200,000 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
$
1,800,000

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