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Bonita Industries issues 6800 shares of its $5 par value common stock having a fair value of $30 per share and 9800 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $311000. The proceeds allocated to the common stock is
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Bonita Industries issues 6800 shares of its $5 par value common stock having a fair value of $30 per...
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