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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 $750,000. B. Total paid-in capital of $775,000 C. Common stock of $3, 750,000. D. Total paid-in capital of $3, 725,000
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