Doris subscribed for two hundred shares of 12 percent cumulative, participating, redeemable, convertible, preferred shares of the Ritz Hotel Company with a par value of $100 per share The subscription agreement provided that she was to receive a bonus of one share of common stock of $100 par value ...

Ronald is entitled to recover 20000 from Doris Par value shares may be issued for any am ...

Doris subscribed for two hundred shares of 12 percent cumulative, participating, redeemable, convertible, preferred shares of the

Question:

Doris subscribed for two hundred shares of 12 percent cumulative, participating, redeemable, convertible, preferred shares of the Ritz Hotel Company with a of $100 per share. The subscription agreement provided that she was to receive a bonus of one share of of $100 for each share of preferred stock. Doris fully paid her subscription agreement of $20,000 and received the two hundred shares of preferred stock and the bonus stock of two hundred shares of the common.
The Ritz Hotel Co. later becomes insolvent. Ronald, the receiver of the corporation, brings suit for $20,000, the of the . What judgment?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...