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Following Are Selected Stock Transactions and Information for Williams Materials

Question 51

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Following are selected stock transactions and information for Williams Materials, Inc.
●Authorization for initial public offering of 200,000 shares of common stock with par value of $0.02 to be issued at $50 per share
●Authorization for 10,000 shares of preferred stock with par value of $160 and 10%.
●Issued shares equal outstanding at time of offering.

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A.
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1. Cash = 200,000 shares × $50= $1...

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