Required information (The following information applies to the questions displayed below.) Raphael Corporation's common stock...
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Required information (The following information applies to the questions displayed below.) Raphael Corporation's common stock is currently selling on a stock exchange at $168 per share, and its current balance sheet shows the following stockholders' equity section: $ 70,000 Preferred stock-5% cumulative, $_ par value, 1,000 shares authorized, issued, and outstanding Common stock-$_ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 100,000 350,000 $520,000 2. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock Corporation's common stock
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