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Home Q & A Board Other Fields Homework Help Business Accounting
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kab170 kab170
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5 years ago
YTC issued 200 of its preferred shares and 1,000 of its common shares, for a total cash
consideration of $15,000. The current market prices for its shares were: Preferred, $25; Common,
$20. The issue entry for the preferred and common shares combined would be as follows:
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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sudenziasudenzia
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5 years ago
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kab170 Author
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#2
5 years ago
Just confirmed the same answer from my friend, thanks
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