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Balance Sheet Only Bensen Company started business by acquiring ( $ 27,500 ) cash from the issue of common stock on January 1 , Year

Balance Sheet Only Bensen Company started business by acquiring $ \$ 27,500 $ cash from the issue of common stock on January 1 , Year 1 . The cash acquired was immediately used to purchase equipment for \( \$ 27,500 \ 2 answers

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