Next LevelMorgan Corporation issues 500packages of securities for $180 per package on December 31. Each...
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Next LevelMorgan Corporation issues packages of securities for $ per package on December Each package includes shares of $ par value common stock and shares of $ par value preferred stock. The separate market value of the common stock was $ at the time of the sale and Morgan credits the Common Stock account for $ and the Additional Paidin Capital on Common Stock account for $
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What was the separate market value of the preferred stock on the date of the sale?
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