lump sum issuance of stock. parker corporation has issued 4,000
Pblem #1 – Lump sum issuance of stock. Parker Corporation has issued 4,000 shares of common stock and 800 shares of preferred stock for a lump sum of $148,000 cash. Instructions (a) Give the entry for the issuance assuming the par value of the common stock was $5 and the fair value $30, and the par value of the preferred stock was $40 and the […]