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QUESTION:2 P & C Company are authorized to issue 330,000, 12% preferred stocks (par value $10 each) and 1,000,000 common stocks (par value $5 each).

QUESTION:2 P & C Company are authorized to issue 330,000, 12% preferred stocks (par value $10 each) and 1,000,000 common stocks (par value $5 each). Ã? Company issued 25,000 preferred stocks at...

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