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2 es Required information The following information applies to the questions displayed below Raphael Corporation...

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2 es Required information The following information applies to the questions displayed below Raphael Corporation s balance sheet shows the following stockholders equity section 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 Required 1 Determine the par values of the corporation s preferred stock and its common stock Corporation s preferred stock Corporation s common stock Par Value 80 000 120 000 340 000 540 000

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