Question
A firm's beginning balance in their common stock account was $5,000. The firm retired stock during the year - the retirement was of 1,000 shares
A firm's beginning balance in their common stock account was $5,000. The firm retired stock during the year - the retirement was of 1,000 shares (the par value was $0.01 per share). The firm also issued stock during the year. The ending balance in the common stock account was $5,050. How much did the common stock account increase by due to the issuance of stock? Note this question is asking about the dollar amount that the Common Stock account increased by (i.e., just the dollar amount of the par value x number of shares). Enter your number in the blank below - please do not use commas or decimals (e.g., type 100)
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