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Sylvan Heights Company issues 113,000 shares of preferred stock for $39 per share. The stock has a fixed dividend rate of 8% and a par
Sylvan Heights Company issues 113,000 shares of preferred stock for $39 per share. The stock has a fixed dividend rate of 8% and a par value of $10 per share. The company records the issuance with a debit to Cash for:
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