BRIEF EXERCISE 15-4

BRIEF EXERCISE 15-4 -...

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BRIEF EXERCISE 15-4 Cash. ................................................................................. 14,200 Preferred Stock (100 X $50) . ................................... 5,000 Paid-in Capital in Excess of Par—Preferred . ........ 3,520 Common Stock (300 X $10) . ................................... 3,000 Paid-in Capital in Excess of Par—Common. ......... 2,680 FMV of common (300 X $20).
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Unformatted text preview: .......................................... $ 6,000 FMV of preferred (100 X $90). ......................................... 9,000 Total FMV. ................................................................. $15,000 Allocated to common $15,000 $6,000 X $14,200 = $ 5,680 Allocated to preferred $15,000 $9,000 X $14,200 = 8,520 14,200...
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This note was uploaded on 09/15/2008 for the course ACC 560 taught by Professor Mr.plum during the Spring '08 term at Amarillo College.

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BRIEF EXERCISE 15-4 -...

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