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Ayayai Corp. began business by issuing 300000 shares of $10 par value common stock for $25 per share. During its first year, the corporation sustained

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Ayayai Corp. began business by issuing 300000 shares of $10 par value common stock for $25 per share. During its first year, the corporation sustained a net loss of $50000. The year-end balance sheet would show Common Stock of $3000000. Common Stock of $7500000. Total paid-in capital of $7440000. Total paid-in capital of $6000000

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