Prince Albert Department Store Ltd. can issue 50,000 $4 cumulative preferred shares. The company's letters...
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Prince Albert Department Store Ltd can issue $ cumulative preferred shares. The company's letters patent authorizes up to common shares, and the corporation has common shares outstanding with a book value of $ Presently, no preferred shares are issued. The opening retained earnings equals $
tableJantablePrince Albert Department Store Ltd Issued common shares in exchange for land worth$FebtableThe board of directors delcared a share dividend market value $share to shareholdersof record on Mar. market value $share to be distributed on Mar. market value$ share
Journal entry for feb th
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