Question
Baker Corporation has issued 7,000 shares of common stock and 500 shares of preferred stock for a lump sum of $196,000 cash. The par value
Baker Corporation has issued 7,000 shares of common stock and 500 shares of preferred stock for a lump sum of $196,000 cash. The par value of the common stock was $20 and the market value was $90. The par value of the preferred stock was $9 and the market value was $150. The amount of cash received from this issuance would be _______________.
| a. | $140,000 | |
| b. | $150,000 | |
| c. | $190,000 | |
| d. | $196,000 |
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ERP Digital License Management Audit And Compliance
Authors: Gangesh Thakur, Jay Kalaimani
1st Edition
1799104079, 978-1799104070
