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A corporation was organized on January 1 of the current year with an authorization of20000 shares ofSA preferred stock $12 par and 100000 shares of $3 par common stock 5 points The following

A corporation was organized on January 1 of the current year with an authorization of20000 shares ofSA preferred stock $12 par and 100000 shares of $3 par common stock 5 points The following

23. A corporation was organized on January 1 of the current year, with an authorization of20000 shares ofSA preferred stock, $12 par, and 100,000 shares of $3 par common stock. 5 points) The following selected transactions were completed during the first year of operations Jan. 3 issued 15,000 shares of common stock at $23 per share for cash. 31 Issued 200 shares of common stock at par to an attorney in payment oflegal fees for organizing the corporation. The value of the stock was at the time of payment. was $25 per share. Feb. 24 Issued 20,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of s65,000 si20,000, and SAS,000 respectively. Mar. 15 Issued 2,000 shares of preferred stock at S56 for cash

 
mahesh 17-Mar-2020

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