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Company GHI issued 2,000 shares of preferred stock at $100 per share. Calculate the total proceeds from the issuance of preferred stock and prepare the

Company GHI issued 2,000 shares of preferred stock at $100 per share. Calculate the total proceeds from the issuance of preferred stock and prepare the journal entry to record the transaction. Discuss the characteristics of preferred stock and its significance in capital structuring, dividend distribution, and shareholder rights.

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