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Corizon Company’s balance sheet and income statement are shown below (in millions of… 1 answer below » Corizon Company’s balance sheet and income statement are shown below (in millions of dollars). Corizon and its creditors have agreed upon a voluntary reorganization plan. In this plan, each share of the $5 preferred will be exchanged for one share of $2.00 preferred with a par value of $50 plus one 10% subordinated income debenture with a par value of $50. The $8 preferred issue will be retired with cash. The company’s tax rate is 30%. Dec 22 2015 05:44 PM
