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Oriole Corporation began business in 2020 by issuing 93000 shares of $5 par common stock for $7 per share and 22000 shares of 5%.
Oriole Corporation began business in 2020 by issuing 93000 shares of $5 par common stock for $7 per share and 22000 shares of 5%. $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2020 balance sheet, Oriole would report O Common Stock of $930000. O Common Stock of $465000. O Common Stock of $651000. Paid-In Capital of $705000.
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