In 2024, Blossom, Inc. issued 85000 shares of $100 par value convertible preferred stock for...
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In Blossom, Inc. issued shares of $ par value convertible preferred stock for $ per share. Each share of preferred stock can be converted into three shares of Blossom's $ par value common stock at the option of the preferred stockholder. In August all of the preferred stock was converted into common stock. The market value of the common stock at the date of the conversion was $ per share. What amount will be credited to additional paidin capital from common stock as a result of the conversion? 
In Blossom, Inc. issued shares of $ par value convertible preferred stock for $ per share. Each share of preferred stock can be converted into three shares of Blossom's $ par value common stock at the option of the preferred stockholder. In August all of the preferred stock was converted into common stock. The market value of the common stock at the date of the conversion was $ per share. What amount will be credited to additional paidin capital from common stock as a result of the conversion?
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