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September 5, 2015

Homework Help: Accountin

Posted by Bon on Sunday, February 21, 2010 at 10:55pm.

Balance sheet help
Preferred stok-$5.00 par 50,000 balance
Common stock-$2 par 100,000 balance

Problem:
Stock information
*Authorized to sell 75,000 shares of its preferred stock although this class of stock is $3 dividened value it passed on declaring a dividend this past year
*authorized to sell 200,000 shares of common stock

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