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A corporation issues 3,550 shares of common stock for $113,600. The stock has a stated value of $17 per share. What amount of credit to
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A corporation issues 3,550 shares of common stock for $113,600. The stock has a stated value of $17 per share. What amount of credit to Common Stock would the journal entry to record the stock issuance include?
Select the correct answer.
$60,350
$53,250
$113,600
$3,550
A corporation issues 3,550 shares of common stock for $113,600. The stock has a stated value of $17 per share. What amount of credit to Common Stock would the journal entry to record the stock issuance include?
Select the correct answer.
$60,350
$53,250
$113,600
$3,550
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