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Sheridan Company issues 5300 shares of its $10 par value common stock having a fair...

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Accounting

Sheridan Company issues 5300 shares of its $10 par value common stock having a fair value of $20 per share and 8300 shares of its $10 par value preferred stock having a fair value of $30 per share for a lump sum of $304000. The amount of the proceeds allocated to the common stock is

Select answer from the options below

$213228

$90772

$49700

$106000

Answer & Explanation Solved by verified expert
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