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XYZ Company is authorized to issue 500,000 shares of $1 par value common stock and 100,000 shares of 8 percent, $10 par value cumulative preferred

XYZ Company is authorized to issue 500,000 shares of $1 par value common stock and 100,000 shares of 8 percent, $10 par value cumulative preferred stock. The events listed below occurred during the first 2 years of the corporations life. How are these events recorded and reported

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