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    fishca's Avatar
    fishca Posts: 1, Reputation: 1
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    #1

    Nov 24, 2009, 01:31 PM
    Par Value
    If a corporation is authorized to issue 10,000 shares of $100 par, preferred 9% stock and 500,000 shares of $5 par common stock, I need help with the following
    Preparing the statement of stockholders equity
    If during the period the corp issued 500 shares of 9% preferred stock at par and 25,000 shares of common stock at $9 what is the beginning balance of preferred stock and common stock?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Nov 25, 2009, 04:00 AM

    1) Preferred Stock = 500 @ $100 = $50,000.

    2) Common Stock = 25,000 @ $5 = $ 125,000.

    Also in the Equity Section you would have.

    3) Premium on Issue = 25,000 @ $ 4 = $100,000.
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