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The outstanding capital stock of Coronado Corporation consists of 2 , 0 0 0 shares of $ 1 0 0 par value, 7 % preferred,
The outstanding capital stock of Coronado Corporation consists of shares of $ par value, preferred, and shares of
$ par value common.
were not paid during the years preceding the current year, state how much each class of stock should receive under each of the
following conditions.
a The preferred stock is noncumulative and nonparticipating. Round answers to decimal places, eg
Preferred
$
Common
$
b The preferred stock is cumulative and nonparticipating. Round answers to decimal places, eg
Preferred
Common
$
$
c The preferred stock is cumulative and participating. Round the rate of participation to decimal places, eg Round answers to
decimal places, eg
Preferred
Common
THE ANSWER IS NOT and OR and I TRIED BOTH AND IT WAS WRONG
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