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A company authorized to issue 400,000 shares of $9 par common

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A company authorized to issue 400,000 shares of $9 par common stock and 40,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The following stock transactions pertain this company;Issued 13,000 shares of the class A preferred stock for $27 per share.;What will be the "Paid-In Capital in Excess of SV, PS;and "Preferred stock" record on journal entry.

 

Paper#27734 | Written in 18-Jul-2015

Price : $32
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