The equity section of Gannon Oilfield Corporation's balance sheet at December 31, 2019 is shown...
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Accounting
The equity section of Gannon Oilfield Corporation's balance sheet at December 31, 2019 is shown below.
Required
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What is the average price received for each issued preferred share?
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What is the average price received for each issued common share?
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What is the total contributed capital of the company?
Preferred Shares Authorized 100 shares Issued and Outstanding - 64 Shares $3,456 Common Shares Authorized 2,000 Shares Issued and Outstanding - 800 Shares Retained Earnings 600
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