Question: Oct 5 . preferred shareholders converted 2 , 0 0 0 of the preferred shares into common. At that point, it was estimated that the

Oct 5.preferred shareholders converted 2,000 of the preferred shares into common. At that point, it was estimated that the fair values of the common and preferred shares were $10 and $102, respectively. the Journal entry Oct 5. Preferred shares (10,000 x $90)180,0000 Common Shares 180,000. how do they come up with 90

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