Determine the proceeds allocated to the common stock

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Reference no: EM132871947

Problem - Concord Corporation issues 7000 shares of its $10 par value common stock having a fair value of $20 per share and 10000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $304000. Determine the proceeds allocated to the common stock?

Reference no: EM132871947

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