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2. On 1/1/x1 Trump company owned all 100,000 shares of Swamp Co. when Swamp's shareholders' equity was as follows Capital stock Additional PIC RE Total

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2. On 1/1/x1 Trump company owned all 100,000 shares of Swamp Co. when Swamp's shareholders' equity was as follows Capital stock Additional PIC RE Total equity 100,000 200,000 400,000 700,000 On 1/2/x1, Swamp issued 10,000 additional share for $8 each, but Trump did not purchase any of the shares. After Swamp's stock issue, Trump should make which of the following accounting entries? a. Debit investment in S for 80k and credit gain for 80k b. Debit investment in S for 80k and credit Trump's capital for 80k C. Debit investment in S for 9,091 and credit Trump's capital for 9091 d. Debit investment in s for 9,091 and credit gain for 9,091 e. None of the above 3

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