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Not sure if it's this one. On July 1, 2021, Bonita Industries issued 2700 shares of its $10 par common stock and 5400 shares of
Not sure if it's this one.
On July 1, 2021, Bonita Industries issued 2700 shares of its $10 par common stock and 5400 shares of its $10 par convertible preferred stock for a lump sum of $151200. At this date Bonita's common stock was selling for $25 per share and the convertible preferred stock for $19 per share. The amount of the proceeds allocated to Bonita's preferred stock should be $91200. $75600. $102600. O $83160Step by Step Solution
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