Business, 06.11.2019 04:31 marvin07

Knutson eyewear issued 7,000 shares of common stock (par value $5) upon conversion of 7,000 shares of preferred stock (par value $3). the preferred stock initially sold for a premium of $1,400. for how much would knutson have to debit retained earnings upon conversion?

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Knutson eyewear issued 7,000 shares of common stock (par value $5) upon conversion of 7,000 shares o...