Culver Corporation is authorized to issue both preferred and common stock. The par value of...
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Culver Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 50,500 shares for cash at $54 per share. Julv 1 Issued 68.500 shares for eash at $58 per share
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