Zappa Corporation has 100,000, 3%, $100 par preferred shares outstanding

Zeppelin Company’s balance sheet included cash ($5,000,000), accounts
May 5, 2020
Bowie Company has 100,000 shares of common stock outstanding
May 5, 2020

Zappa Corporation has 100,000, 3%, $100 par preferred shares outstanding.

The preferred stock was originally issued at 104. The current dividend has been fully paid. Total stockholders’ stock equity is $20,000,000. The common stock equity is

 
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