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Parker Corporation issues 1,800 shares of $40 par preferred stock and 18,300 shares of $3 par common stock for $372,500. The fair value of the
Parker Corporation issues 1,800 shares of $40 par preferred stock and 18,300 shares of $3 par common stock for $372,500. The fair value of the common stock is $15 per share. What is the amount allocated to the account Preferred Stock
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