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ACME Corp. issued 1,000 common shares of stock in exchange for$12,000. ACME also borrowed $30,000 from the bank, promissing torepay it in two years. ACME

ACME Corp. issued 1,000 common shares of stock in exchange for$12,000. ACME also borrowed $30,000 from the bank, promissing torepay it in two years. ACME paid $35,000 in cash for computerequipment 2 answers

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