FIN 621 assignment#2 Solution

FIN 621 assignment#2 idea solution

Stock Holder Equity

Capital stock
Preferred stock(100 x 50000)	5000000
Common stock(1 x 700000)	700000
	5700000
Additional Capital
Common stock excess value	9800000
Total Paid Up	15500000
Add retained earnings	5450000
Total share holder equity	20950000