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last 4 columns Instructions a Issued 200,000 shares of common stock at $12, receiving cash. b. Issued 8,000 shares of preferred 2% stock at $115.
last 4 columns
Instructions a Issued 200,000 shares of common stock at $12, receiving cash. b. Issued 8,000 shares of preferred 2% stock at $115. c. Purchased 175,000 shares of treasury common for $10 per share. d. Sold 110,000 shares of treasury common for $14 per share. e Sold 30,000 shares of treasury common for $8 per share. Declared cash dividends of $1.25 per share on preferred stock and $0.08 per share on common stock. Paid the cash dividendsStep by Step Solution
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