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Landmark Company reported the following information in the stockholders' equity section of its December 31 balance sheet: 7% Cumulative, Nonparticipating Preferred Stock, $100 par, 500
Landmark Company reported the following information in the stockholders' equity section of its December 31 balance sheet: 7% Cumulative, Nonparticipating Preferred Stock, $100 par, 500 shares authorized, issued, and outstanding, callable at par value $ 50,000 Common Stock, $12 par, 100,000 shares authorized 600,000 Additional Paid-In CapitalCommon Stock 25,000 Retained Earnings 825,000 The company's total capital stock is a. $650,000. b. $675,000. c. $1,500,000. d. $625,000
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