Reddy Parts reported the following information at December 31, 2015:
Answer the following questions for Reddy Parts by placing the correct response in the space provided.
___________ A How many shares of common stock are issued?
___________ B How many shares of preferred stock are issued?
___________ C How many common shares are outstanding?
___________ D How many preferred shares are outstanding ?
___________ E How many of the common shares will receive dividends if an when they are paid?
___________ F How many of the preferred shares will receive dividends if and when they are paid?
Correct Answer:
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$40,000 Total / $2 Par =...
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