Pringle Corporation has been authorized to issue 20,000 shares of $100 par value, 7%, noncumulative...
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Accounting
Pringle Corporation has been authorized to issue 20,000 shares of $100 par value, 7%, noncumulative preferred stock and 1,000,000 shares of no-par common stock. The corporation assigned a $5 stated value to the common stock. At December 31, 2014, the ledger contained the following balances pertaining to stockholders
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