On january 5 2012 phelps corporation received a charter, Ask an Expert

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On January 5, 2012, Phelps Corporation received a charter granting the right to issue 5,300 shares of $105 par value, 6% cumulative and nonparticipating preferred stock, and 50,300 shares of $11 par value common stock. It then completed these transactions.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M943761

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