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Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative,
Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative, $par value, 1,000 shares authorized, issued, and outstanding Common stock-$ and outstanding Retained earnings par value, 4,000 shares authorized, issued, Total stockholders' equity $ 75,000 140,000 400,000 $ 615,000
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