Question
Shown below is information relating to the stockholders' equity of Glendale Corporation at December 31, 2023. 6% cumulative preferred stock, $100 par, 50,000 shares
Shown below is information relating to the stockholders' equity of Glendale Corporation at December 31, 2023. 6% cumulative preferred stock, $100 par, 50,000 shares authorized Common stock, $4.55 par, 40,000 shares authorized; 30,800 $400,000 shares Issued and outstanding Additional paid-in capital: preferred stock Additional paid-in capital: common stock Retained earnings Total stockholders' equity is: Select one: O a. $2,160,000. O b. $660,000. $540,000. O d. $2,040,000. $140,000 $100,000 $1,400,000 $120,000
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