The following information was available for the Sutton Company at the beginning of 2003: The company is authorized to issue 8,000,000 shares of $1…
The following information was available for the Sutton Company at the beginning of 2003:• The company is authorized to issue 8,000,000 shares of $1 par value common stock. As of December 31, 2002, 3,100,000 shares were outstanding.• 700,000 shares of convertible preferred stock had been issued on July 1, 2002. The stock was issued at […]