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Shown below is information relating to the stockholders' equity of Brookdale Corporation at December 31, 2015: 11% cumulative preferred stock, $130 par, 100,000 shares $1,300,000
Shown below is information relating to the stockholders' equity of Brookdale Corporation at December 31, 2015: 11% cumulative preferred stock, $130 par, 100,000 shares $1,300,000 authorized, 10,000 shares issued Common stock, $1.25 par, 1,000,000 shares authorized, 600,000 750,000 shares issued (of which 6,000 are held in treasury) Additional paid-in capital: preferred stock 500,000 Additional paid-in capital: common stock 900.000 Additional paid-in capital: treasury stock transactions 6,000 Treasury stock (at cost: 6,000 common shares) (192,000) Retained earnings 1,350,000 Refer to the information above. The average issue price per share of the preferred stock was: Select one: O a. $150 O b. $195. Oc. $165. O d. $180
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