Common products has just made its first issue of stock, Financial Management

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Common products has just made its first issue of stock

Common Products has just made its first issue of stock. It raised $2.9 million by selling 350,000 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 3,600,000

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Financial Management: Common products has just made its first issue of stock

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Financial Management: Common products has just made its first issue of stock

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