Business, 20.12.2019 23:31, Jsmooth8928

Acorporation issues 50 packages of securities for $154 per package. each package consists of three shares of $5 par common stock and one share of $50 par preferred stock. if the market values of $40 per share for the common stock and $100 per share for preferred stock are known, the journal entry to record the sale would assign a total value to the preferred stock (preferred +apic on preferred) of a. $ 3,500 b. $ 4,200 c. $ 5,775 d. $ 6,000

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Acorporation issues 50 packages of securities for $154 per package. each package consists of three s...