Convertible Preferred Stock Explained

In this session, I discussed convertible preferred stock.
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[@brandiemccant951]

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.

[@eldatonecesario2286]

is redeemable preferred stock considered convertible?

[@eldatonecesario2286]

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!

[@alex__06777]

Why don't the entries at issuance balance?

[@AccountingLectures]

It is mistake. I need to fix. Please connect with me: linktr.ee/farhatlectures.

[@mecomingtomo6933]

I think it was supposed to be 50,000 paid in

[@akuagsaluardiyan3909]

Can common stock be converted back into convertible preferred stock?

[@AccountingLectures]

Not usably. Please check my website for more resources:✅ farhatlectures.com/,