In 2017, Concord Corporation, issued for $103 per share, 93500 shares of $100 par value convertible preferred stock. One share of preferred stock can be converted into three shares of Concord's $20 par value common stock at the option of the preferred stockholder. In August 2018, all of the preferred stock was converted into common stock. The market value of the common stock at the date of the conversion was $25 per share. What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock?
Answers: 2
Business, 21.06.2019 15:30
Abenefit of using a debit or credit card instead of cash is that it provides a paper record of a purchase. looking at the purchases below, which one should be made using a credit or a debit card?
Answers: 3
Business, 22.06.2019 10:50
The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this ďŹrm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?
Answers: 3
Business, 23.06.2019 01:00
What are the benefits of different types of career education, like community colleges, vocational training programs, and four-year colleges?
Answers: 3
Business, 23.06.2019 03:30
Sub to "j h" yt channel to be entered in a giveaway $50 visa
Answers: 1
In 2017, Concord Corporation, issued for $103 per share, 93500 shares of $100 par value convertible...
Chemistry, 16.04.2021 17:40
Mathematics, 16.04.2021 17:40
Physics, 16.04.2021 17:40
Social Studies, 16.04.2021 17:40
Mathematics, 16.04.2021 17:40
Mathematics, 16.04.2021 17:40
Mathematics, 16.04.2021 17:40
Mathematics, 16.04.2021 17:40
Mathematics, 16.04.2021 17:40
English, 16.04.2021 17:40
Biology, 16.04.2021 17:40