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Bratz began their business by issuing 40,000 shares of $10 par common stock for $13 per share, and 10,000 shares of 5%, $20 par preferred
Bratz began their business by issuing 40,000 shares of $10 par common stock for $13 per share, and 10,000 shares of 5%, $20 par preferred stock for par. At the end of the year, common stock had a market value of $15 per share. On its December 31 balance sheet, which of the following would be correctly reported? (Choose all of the correct answers.) Additional Paid-in-Capital of $120,000 Common Stock of $400,000 Common Stock of $520,000 Common Stock of $600,000 Preferred Stock of $200,000
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