Company išsued 10,000U shares of alue of $5 and a fair value of $25 per share of preferred stock with a par value of $15 anc

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ESPAÑOL
INGLÉS
FRANCÉS
ABC Company issued 10,000 shares of common stock with a par
value of $5 and a fair value of $25 per share along with 15,000 shares
of preferred stock with a par value of $15 and a fair value of $20 per
share. Both shares were issued for a total (lump sum) of $530,000.
How much of the $530,000 should be allocated to common stock?
to.
$240,909
b.
$289,091
C.
$250,000
Enviar comentan
MacBook Air
Transcribed Image Text:ESPAÑOL INGLÉS FRANCÉS ABC Company issued 10,000 shares of common stock with a par value of $5 and a fair value of $25 per share along with 15,000 shares of preferred stock with a par value of $15 and a fair value of $20 per share. Both shares were issued for a total (lump sum) of $530,000. How much of the $530,000 should be allocated to common stock? to. $240,909 b. $289,091 C. $250,000 Enviar comentan MacBook Air
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