Question

Midyear on july 31st, the digby corporation's balance sheet reported: total liabilities of $76.767 million cash of $6.030 million total assets of $123.810 million retained earnings of $26.289 million. what was the digby corporation's common stock?

Answer 1

The Digby corporation's common stock is valued at  $27.631 million.

What is common stock?

Common stock is some kind of investment that represents company equity ownership. In countries other than the US, the phrases voting share and also ordinary share also are widely used. They are referred to as equity capital as well as ordinary shares inside the UK as well as in other Commonwealth nations.

The major distinction between preferred stock and ordinary stock is that the former does not grant stockholders any voting rights while the latter does. Priority over a company's income means that preferred shareholders receive dividend payments ahead of common stock.

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