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1. Preferred stock $50 par value, 10,000 shares authorized, ? shares issued $4000.00 What is the...

1. Preferred stock $50 par value, 10,000 shares authorized, ? shares issued $4000.00 What is the number of shares of preferred stock issued?

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Answer #1

Answer : Number of preferred stock issued = 80 Shares

calculated as

No of preferred stock issued = $4000/$50 = 80 shares

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