A corporation has authorized share capital of 1 million shares, of which 800,000 shares are issued and 200,000 are treasury shares.Construct the equity portion of the balance sheet if the net common equity is $40 million, all shares were issued with a par value of $1 and an issue price of $25, and retained earnings are $30 million.

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The Answer of A corporation has authorized share capital of 1 million shares, of which 800,000 shares are issued and 200,000 are treasury shares.Construct the equity portion of the balance sheet if the net common equity is $40 million, all shares were issued with a par value of $1 and an issue price of $25, and retained earnings are $30 million.

A Corporation Has Authorized Share Capital of 1 Million Shares