Question
BankofAmericaCorporationissued2,500sharesof$40parvaluepreferredstockfor$45per share on March 1st, 2023. Calculate the total proceeds received by Bank of America Corporation from the issuance of preferred stock.
Bank of America Corporation issued 2,500 shares of $40 par value preferred stock for $45 per share on March 1st, 2023. Calculate the total proceeds received by Bank of America Corporation from the issuance of preferred stock.
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Survey of Accounting
Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds, Frances McNair, Bor Yi Tsay
5th edition
1259631125, 978-1259631122
