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A firm has the balance sheet accounts, common stock, and paid-in capital in excess of par, with values of R40 000 and R500 000, respectively.

A firm has the balance sheet accounts, common stock, and paid-in capital in excess of par, with values of R40 000 and R500 000, respectively. The firm has 40 000 common shares outstanding. If the firm had a par value of R1, the stock originally sold for

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