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Business, 12.12.2019 22:31 dalton200166

When resisto systems, inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock. half of the preferred stock was issued at a price of $102 per share, and 80,000 shares of the common stock were sold for $14 per share. at the end of the current year, resisto has retained earnings of $382,000.

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