exam 3 - Allocation to Preferred: $20,000/$80,000 x $72,000...

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Fair Value of Common (2,000 x $30) $60,000 Fair Value of Preferred (400 x $50) $20,000 Lump Sum Receipt $80,000 Allocated to Common ( Balance Allocated to P Allocation to Common: $60,000/$80,000 x $72,000 = $54,000
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Unformatted text preview: Allocation to Preferred: $20,000/$80,000 x $72,000 = $18,000 Lump Sum Receipt $72,000 Allocated to Common ( $72,000 (2,000 x $25) ($50,000) Preferred $22,000...
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This note was uploaded on 06/23/2010 for the course ACC 151 taught by Professor Thompson during the Spring '10 term at Acadia.

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exam 3 - Allocation to Preferred: $20,000/$80,000 x $72,000...

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