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Question 3 (4 points) Question 3 (4 marks) Arthur Fleck Corp. issued 5,000 common shares, no par, and 800 preferred shares. At the time of
Question 3 (4 points) Question 3 (4 marks) Arthur Fleck Corp. issued 5,000 common shares, no par, and 800 preferred shares. At the time of issue the common shares were selling at $30 per share and the preferred at $25. Total cash received was $162.000 What value can be assigned to both the common and preferred shares using the proportional method? 10
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