Maine corporation has two classes of stock: common, 3.00 par; preferred, $30.00 par. journalize maine's issuance of the following: 1. 1,000 shares of common stock for $9.00 per share.2. 1,000 shares of preferred stock for a total of $30,000.00

1) Cost of 1 share = $9.00

No. of shares = 1000

Total cost of shares = $9000

Hence, the shares are issued at a premium of $6.

Profit through premium on 1000 shares = 6×1000 = $6000

2) Total cost of shares = $30,000

Number of shares = 1000

Cost of 1 share = $30.

Hence, the shares are issued at par value with no profit no loss.

2 x^2 -3x+p

sum of roots = 3/2

let other root be x

3+ x = 3/2

x= 3/2 - 3 = -3/2

product of roots = p/2

3× -3/2 = p/2

-9 = p

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step-by-step explanation:

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