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Kerwin Packaging Corporation began business in 2010 by issuing 30,000 shares of $5 par com
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Kerwin Packaging Corporation began business in 2010 by issuing 30,000 shares of $5 par common stock for $8 per share and
10,000 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, 2010 balance sheet, Kerwin Packaging would report
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