Business, 18.12.2019 04:31 allisonhall0925

Glavine company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $312,000.

the proceeds allocated to the common stock is :
a. $32,500
b. $141,818
c. $162,500
d. $170,182

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Glavine company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per...

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