Question: Equity Accounts. Common Products has just made its first issue of stock. It raised $ 2 million by selling 2 0 0 , 0 0

Equity Accounts. Common Products has just made its first issue of stock. It raised $2 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. Fill in the following table: (LO14-3)
Common shares (par value)____(a)____
Additional paid-in capital ____(b)____
Retained earnings ____(c)____
Net common equity $2,500,000

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