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Explanations help ! The stockholders' equity section of Creighton Company's balance sheet is shown as follows. Preferred stock, $42 stated value, 7% cumulative, 300 shares
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The stockholders' equity section of Creighton Company's balance sheet is shown as follows. Preferred stock, $42 stated value, 7% cumulative, 300 shares authorized, 120 issued and outstanding Common stock, $2 par value, 3000 shares authorized, ? issued and outstanding Paid-in capital in excess of stated value preferred Paid-in capital in excess of par value-common $ ? 99,860 97,637 97,084 How many common shares were issued $ The stockholders' equity section of Creighton Company's balance sheet is shown as follows. Preferred stock, $41 stated value, 7% cumulative, 300 shares authorized, 130 issued and outstanding Common stock, $3 par value, 250 shares authorized, ? issued and outstanding Paid-in capital in excess of stated value preferred Paid-in capital in excess of par value-common $ ? 76,000 70,837 74,410 Assuming the preferred stock was originally issued for cash, What was the average price per preferred share? Round your answer to 2 decimal placesStep by Step Solution
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