A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares of 4%, $12 par pref

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answerhappygod
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A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares of 4%, $12 par pref

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A corporation was organized on January 1 of the current year,
with an authorization of 20,000 shares of 4%, $12 par preferred
stock, and 100,000 shares of $3 par common stock.
The following selected transactions were completed during the
first year of operations:
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