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How much will each shareholder receive

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Question - Company J issued 50,000 shares of $10 Par Common Stock for $12 per share and 25,000 shares of 8% Preferred Stock, with a Par Value of $20 for $30 each.

A. Journalize the Entry for the issuance of the shares.  You can omit the description.

B. If the Company pays a cash dividend of $100,000 in year 1 (so there are not any dividends in arrears, how much will each shareholder receive?

Reference no: EM133079045

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