During 2014,BV sold and issued the following shares for $20,000 cash: Common shares,600 shares (current market price per share,$23.50).
Preferred shares,200 shares (no current market price available); original issue price,three years earlier,$22 per share.
The total issue price of $20,000 that should be apportioned to the preferred shares is:

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The Answer of During 2014,BV sold and issued the following shares for $20,000 cash: Common shares,600 shares (current market price per share,$23.50).
Preferred shares,200 shares (no current market price available); original issue price,three years earlier,$22 per share.
The total issue price of $20,000 that should be apportioned to the preferred shares is:

During 2014,BV Sold and Issued the Following Shares for $20,000