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Authorized to issue 100,000 $4 cumulative preferred shares and up to 200,000 common shares, Smith Company Ltd. currently has 54,500 common shares outstanding worth $227,500
Authorized to issue 100,000 $4 cumulative preferred shares and up to 200,000 common shares, Smith Company Ltd. currently has 54,500 common shares outstanding worth $227,500 and no preferred shares issued. The general ledger shows the opening retained earnings is $266,000
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