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Problem 4. Norris Corporation was organized on January 1, 2015 It is authorized to issue 20,000 shares of 6%, $50 par value preferred stock and

Problem 4. Norris Corporation was organized on January 1, 2015 It is authorized to issue 20,000 shares of 6%, $50 par value preferred stock and 500,000 shares of no-par common stock with a stated value of S1 per share. The 11-1

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