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Adams Corporation began business by issuing 300,000 shares of $5 par value common stock for $24 per share. During its first year, the corporation sustained
Adams Corporation began business by issuing 300,000 shares of $5 par value common stock for $24 per share. During its first year, the corporation sustained a net loss of $30,000. The year-end balance sheet would show Select one: A. Common stock of $1, 500,000. B. Total paid-in capital of $7, 170,000 C. Common stock of $7, 200,000. D. Total paid-in capital of $5, 700,000
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