Business
Business, 10.03.2020 01:49, rnv9d937

Pechstein Corporation issued 2,090 shares of $13 par value common stock upon conversion of 1,070 shares of $45 par value preferred stock. The preferred stock was originally issued at $58 per share. The common stock is trading at $26 per share at the time of conversion. Record the conversion of the preferred stock.

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Pechstein Corporation issued 2,090 shares of $13 par value common stock upon conversion of 1,070 sha...

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