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23) Based on the information in Table 3-1, assuming that no common stock was repurchased during the year, the fi rm issued how much new
23) Based on the information in Table 3-1, assuming that no common stock was repurchased during the year, the fi rm issued how much new common stock during 2008? a. $1,500 b. $1,000 c. $2,000 d. $500 Table 3-1 Jones Company Financial Information December 2007 December 2008 Net income $2,000 $5,000 Accounts receivable 750 750 Accumulated depreciation 1,000 1,500 Common stock 4,500 5,000 Paid-in capital 7,500 8,000 Retained earnings 1,500 2,500 Accounts payable 750 750
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