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ABC Inc. was incorporated on 1/15/12. Their corporate charter authorized the following capital stock: Preferred...

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Accounting

ABC Inc. was incorporated on 1/15/12. Their corporate charter authorized the following capital stock: Preferred Stock: 7%, par value $100 per share, 100,000 shares. Common Stock: $1 par value, 500,000 shares. The following transactions occurred during the year: 1/19/12

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