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Pharoah Company Issued 9 7 0 0 shares of its $ 1 0 par value common stock having a fair value of $ 2 5

Pharoah Company Issued 9700 shares of its $10 par value common stock having a fair value of $25 per share and 15500 shares of its $10 par value preferred stock having a fair value of $25 per share for a lump sum of $514000. How much of the proceeds would be allocated to the common stock?5197849053161510 $2425000 $268750

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