Vision and Wanda own a new airline that has had one stock issue in which it...

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Vision and Wanda own a new airline that has had one stock issue in which it sold 500,000 shares to the public at $12 per share. Using the table below, what is the value of the company's retained earnings? Enter your answer as a dollar amount rounded to the whole dollar (e.g. 1,234,567). Common Shares ($5 Par value) Additional Paid in Capital Retained Earnings Net Common Equity $10,000,000 Vision and Wanda own a new airline that has had one stock issue in which it sold 500,000 shares to the public at $12 per share. Using the table below, what is the value of the company's retained earnings? Enter your answer as a dollar amount rounded to the whole dollar (e.g. 1,234,567). Common Shares ($5 Par value) Additional Paid in Capital Retained Earnings Net Common Equity $10,000,000

Answer rating: 100% (QA)

To find the value of the companys retained earnings we need to calculate the total value of the issu... View the full answer