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A corporation began business in 2017 by issuing 50,000 shares of $5 par common stock for $8 per share. At year end, the common
A corporation began business in 2017 by issuing 50,000 shares of $5 par common stock for $8 per share. At year end, the common stock had a market value of $10. On its December 31, 2017 balance sheet, the corporation would report Oa. Common Stock of $500,000. Ob. Common Stock of $400,000. Oc. Common Stock of $250,000. Od. Additional Paid-in Capital of $250,000.
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