What tomlinson packaging would report


Tomlinson packaging Corporation began business in 2010 by issuing 20,000 shares of $5 par common stock for $8 per share and 5,000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its december 31, 3010 balance sheet,what Tomlinson packaging would report ?

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Accounting Basics: What tomlinson packaging would report
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