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  3. cullumber hovercraft inc. reported the following s

Cullumber Hovercraft Inc. reported the following shareholders' equity: Preferred shares, 100,000 shares authorized, ...

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Accounting

Cullumber Hovercraft Inc. reported the following shareholders' equity:
Preferred shares, 100,000 shares authorized,
21,600 shares issued and outstanding
$420,500
Common shares, unlimited shares authorized,
\table[[238,000 shares issued and outstanding,803,000],[Total share capital,1,223,500
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