Tomlinson packing corp began business


Tomlinson Packing Corp began business in 2010 by issuing 20,000 shares of $5 par common stock for $8 per share and 5000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its Dec 31, 2012 balance sheet Tomlinson would report?

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Accounting Basics: Tomlinson packing corp began business
Reference No:- TGS0700919

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