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39. Irish Corporation issued (sold) 25,000 shares of common stock for $55 per share. The bylaws established a par value of $25 per share. What

39. Irish Corporation issued (sold) 25,000 shares of common stock for $55 per share. The bylaws established a par value of $25 per share. What is the amount of increase in the common stock account as a result of this transaction? Multiple Choice $0. $1,375,000. $625,000. $750,000.

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