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Skyhawk Corporation' charter authorized the following capital stock: Preferred stock: 8 percent, par $10, authorized 10,000 shares. Common stock: par $1.8, authorized 50,000 shares.
Skyhawk Corporation' charter authorized the following capital stock: Preferred stock: 8 percent, par $10, authorized 10,000 shares. Common stock: par $1.8, authorized 50,000 shares. Since inception, Skyhawk sold 5870 shares of the common stock at $8.5per share and 3253 shares of the preferred stock at $15. On the statement of stockholders' equity, Preferred Stock would be reported as $
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