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Bacon Corporation began business by issuing 150,000 shares of $5 par value common stock for $25 per share. During its first year, the corporation sustained
Bacon Corporation began business by issuing 150,000 shares of $5 par value common stock for $25 per share. During its first year, the corporation sustained a net loss of $25,000. The year-end balance sheet would show Select one: A. Common stock of $3,750,000. B. Common stock of $750,000. C. Total paid-in capital of $3,725,000 D. Total paid-in capital of $775,000
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