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Question 10 (3 points) Kissell Manufacturing, Inc. Kissell Manufacturing, Inc. began business on June 1, 2009. The articles of incorporation authorize issuance of 10,000 shares

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Question 10 (3 points) Kissell Manufacturing, Inc. Kissell Manufacturing, Inc. began business on June 1, 2009. The articles of incorporation authorize issuance of 10,000 shares of $2 par common stock and 5,000 shares of $8 par 6% cumulative preferred stock. Refer to the information for Kissell Manufacturing, Inc. What is the maximum amount that can be reported on Kissell's balance sheet for common stock and preferred stock, respectively, if all of the stock is issued? Common Stock $20,000 Common Stock $20,000 Common Stock $10,000 Common Stock $10,000 Preferred Stock $2,400 Preferred Stock $40,000 Preferred Stock $40,000 Preferred Stock $ 2.400 Preous Page Next Page Page 10 of

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