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Rowlands Corporation Has 100000 Shares of $40 Par Value Preferred

question 25

Essay

Rowlands Corporation has 100000 shares of $40 par value preferred stock authorized. During the year it had the following transactions related to its preferred stock.
(a) Issued 20000 shares at $55 per share.
(b) Issued 10000 shares for equipment having a $700000 asking price. The stock had a market value of $75 per share
Instructions
Journalize the transactions.

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Definitions:

Preventative Facework

Strategies employed proactively to maintain or protect an individual's self-image or reputation in social interactions.

Facework

Strategies used to manage one's own image or face in social interactions, and to uphold or repair the face of others.

Face

is a sociolinguistic concept that refers to an individual's projected image or social value within interpersonal communications.

Self-worth

The subjective evaluation of one's own value as a person, often influenced by self-perception and external validation.

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