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Swifty Corporation is authorized to issue both preferred and common stock. The par value of the preferred stock is $50. During the first year
Swifty Corporation is authorized to issue both preferred and common stock. The par value of the preferred stock is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 July 1 Issued 44,300 shares for cash at $51 per share. Issued 68,000 shares for cash at $56 per share.
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
