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37
What is the JE for issuing Preferred Stock?
Given:
5,000 shares @ $50 par; Preferred stock at $60/share
Given:
5,000 shares @ $50 par; Preferred stock at $60/share
Cash 300,000
Preferred Stock 250,000
PIC Preferred 50,000
Preferred Stock 250,000
PIC Preferred 50,000
Flashcard info:
Author: savhighsmith
Main topic: Accounting
Topic: General
School / Univ.: UGA
City: Athens
Published: 01.05.2010