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A company sells 1 million shares of common stock with no par value for $15.00 a share. In recording the transaction, it would debit: Multipie

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A company sells 1 million shares of common stock with no par value for $15.00 a share. In recording the transaction, it would debit: Multipie Choice Common Stock and credit Cash for $15.00 million. Cash and credit Additional Paid. in Capital for $15.00 million. Cash and credit Common Stock for $15.00 million. Common Stock and credit Additional Paid-in Capital for $15.00 million

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