How do you get the 2,500 and the 1,000?
Homework Answers
1. No of share issued = Common Stock value / Par Value
= $25,000 / $10
= 2,500
2. Preferred Stock Value = Shares issued x Par value
= 20 x $50
= $1,000
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How do you get the 2,500 and the 1,000?
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