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28 PM I Question 24 inson Packaging Corporation began business in 2014 by issuing 30,000 shares of $5 parcommon stock for $8 per share and
28 PM I Question 24 inson Packaging Corporation began business in 2014 by issuing 30,000 shares of $5 parcommon stock for $8 per share and 5,000 shares of 6%, s 10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2014 balance sheet, Tomlinson Packaging would report Paid-in Capital of $200,000. Common Stock of $240,000. Common Stock of $300,000. ad 2 9 6
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