FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Eastport Inc. was organized on June 5, Year 1. It was authorized to issue 380,000 shares of $11 par common stock and 40,000 shares of 4 percent cumulative class A
- Issued 21,000 shares of common stock for $16 per share.
- Issued 7,000 shares of the class A preferred stock for $30 per share.
- Issued 59,000 shares of common stock for $19 per share.
b. Prepare the
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