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April purchased 100 shares of $5 par value Smart Corp. common stock from Smart Corp. April paid $12 for each share. How much earned capital

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April purchased 100 shares of $5 par value Smart Corp. common stock from Smart Corp. April paid $12 for each share. How much earned capital from the sale of the common stock should be recorded by Smart Corp? $0 $500 $700 $1,200

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