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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 $1.5, authorized 50,000 shares Since
Skyhawk Corporation charter authorized the following capital stock: Preferred stock: 8 percent, par $10, authorized 10,000 shares. Common stock: par $1.5, authorized 50,000 shares Since inception, Skyhawk sold 9,380 shares of the common stock at $3.4 per share and 2,441 shares of the preferred stock at $19. On the statement of stockholders' equity, Common Stock would be reported as $
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