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Barney Corporation recognized a $100 million preferred stock balance on 12/31/2019. On January 1, 2020, Barney issued $10 million in preferred dividends. On the same
- Barney Corporation recognized a $100 million preferred stock balance on 12/31/2019.
- On January 1, 2020, Barney issued $10 million in preferred dividends.
- On the same date, Barney raised an additional $20 million via a new issuance of preferred stock.
- On December 31, 2020, the market value of the original amount of preferred shares rose $5 million.
Under US GAAP, the 12/31/2020 year ending preferred stock balance is:
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
4th Edition
0073527092, 978-0073527093
