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Bramble Corp. issued 4700 shares of its $10 par value common stock having a fair value of $20 per share and 7200 shares of its
Bramble Corp. issued 4700 shares of its $10 par value common stock having a fair value of $20 per share and 7200 shares of its $10 par value preferred stock having a fair value of $30 per share for a lump sum of $253000. The proceeds allocated to the preferred stock is
$176284
$217800
$76716
$216000
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