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Question - Marigold Corp. has issued 1,800 shares of common stock and 360 shares of preferred stock for a lump sum of $67,000 cash.
Part 1 - Give the entry for the issuance assuming the par value of the common stock was $5 and the fair value $30, and the par value of the preferred stock was $40 and the fair value $50. (Each valuation is on a per share basis and there are ready markets for each stock.)
Part 2 - Give the entry for the issuance assuming the same facts as the par value of the common stock was $5 and the fair value of $24 per share, and the par value of the preferred stock was $40 and has no ready market.
crumple car rentals is planning to expand into the western part of the u.s. and needs to acquire approximately 400
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remmers company manufactures desks. most of the companys desks are standard models and are sold on the basis of catalog
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