Bramble Corp. issues 670 shares of $2 par value common stock and 280 shares of $100 par value preferred stock for a lump sum of $121,900. (a)   Partially correct answer iconYour answer is partially correct. Prepare the journal entry for the issuance when the market price of the common shares is $130 each and market price of the preferred is $160 each

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.