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Business, 26.01.2022 09:00 nikiloum

Stockholders’ equity may arise from several sources. 1. Identify the two primary sources of stockholders’ equity.

2. Which source would be considered internally generated?

3. Maine Corporation has two classes of stock: Common, $3.00 par; Preferred, $30.00 par. Journalize Maine’s issuance of the following:

1. 1,000 shares of common stock for $9.00 per share

2. 1,000 shares of preferred stock for a total of $30,000.00

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