When adam co issued the convertible preferred stock they did so for $150,000. However, your journal entries only come up to 140,000. Is that a typo or was there something I totally overlooked? Thank You Very much for all the time you put into making these videos.
Hi Farhat great videos! Can you comment on my question? Wanted to check if redeemable prederred stock is considered a "convertible" let me know thank you!
When adam co issued the convertible preferred stock they did so for $150,000. However, your journal entries only come up to 140,000. Is that a typo or was there something I totally overlooked? Thank You Very much for all the time you put into making these videos.
is redeemable preferred stock considered convertible?
Hi Farhat great videos! Can you comment on my question? Wanted to check if redeemable prederred stock is considered a "convertible" let me know thank you!
Why don't the entries at issuance balance?
It is mistake. I need to fix. Please connect with me: linktr.ee/farhatlectures.
I think it was supposed to be 50,000 paid in
Can common stock be converted back into convertible preferred stock?
Not usably. Please check my website for more resources:✅ farhatlectures.com/,