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require students to demonstrate an understanding of: 1. Common Stock transactions 2. Preferred Stock transactions 3. Cash Dividends transactions 4. Treasury Stock transactions 5. Organizational

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require students to demonstrate an understanding of: 1. Common Stock transactions 2. Preferred Stock transactions 3. Cash Dividends transactions 4. Treasury Stock transactions 5. Organizational Expense transactions Chapter 12 Practice Problems \#1 Feb 1, ABC Company issued 30,000 shares of 6.25% preferred stock, $35 par value. The company received $55 cash per share

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