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Question 90: Scenario: Xi Company issued 4,000 shares of preferred stock at $130 per share. Calculate the total amount of cash received from the

  1. Question 90: Scenario: Xi Company issued 4,000 shares of preferred stock at $130 per share. Calculate the total amount of cash received from the issuance of preferred stock. Requirements: a. Determine the par value of the preferred stock issued. b. Calculate the additional paid-in capital. c. Record the preferred stock issuance.

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