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Need help in solving with calculation explanation A company issued both common and preferred stock in a lump sum sale. COMPUIE THE MARKET VALUE OF

Need help in solving with calculation explanation

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A company issued both common and preferred stock in a lump sum sale. COMPUIE THE MARKET VALUE OF THE COMMON \& PREFERED S TOGK \& enter abOve in the yellow bOxes. (a) Prepare the joumal entry for the issuance (show computations) Instructions: (b) Prepare the joumal entry for the issuance when only the market value of the common stock is known and it is $35 per share

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