Question
Blossom Corporation began business in 2020 by issuing 96000 shares of $5 par common stock for $8 per share and 25000 shares of 9%,
Blossom Corporation began business in 2020 by issuing 96000 shares of $5 par common stock for $8 per share and 25000 shares of 9%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2020 balance sheet, Blossom would report Common Stock of $768000. Paid-In Capital of $735000. Common Stock of $960000. Common Stock of $480000. O
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
