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Coronado Industries issued 5700 shares of its $10 par value common stock having a fair value of $30 per share and 8200 shares of its

Coronado Industries issued 5700 shares of its $10 par value common stock having a fair value of $30 per share and 8200 shares of its $10 par value preferred stock having a fair value of $30 per share for a lump sum of $252000. The proceeds allocated to the preferred stock

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