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please answer both, the question 11) Presented below is the information related to Gray Corporation: Common Stock, $6 par, 100,000 shares issued and outstanding Paid-in-Capital
please answer both, the question
11) Presented below is the information related to Gray Corporation: Common Stock, $6 par, 100,000 shares issued and outstanding Paid-in-Capital in Excess of Par-Common Stock $5 per share Preferred 5% Stock, $10 par, 300,000 shares issued and outstanding Paid-in-Capital in Excess of Par-Preferred Stock $10 per share Retained Earnings $840,000 Accumulated gain from comprehensive income $20,000 The total stockholder's equity of Gray Corporation is? 10) The condition for bond issued at a discount is that the market rate is less than the effective interest rate of interest. (True/False)Step by Step Solution
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