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Business Transaction 1 Atlanta Aeronautics Co . ( AAC ) sells 2 5 , 0 0 0 shares of new common stock ( $ 1

Business Transaction 1
Atlanta Aeronautics Co.(AAC) sells 25,000 shares of new common stock ( $1 per share par value) to new and existing shareholders for $20 per share.
\table[[Financial Account,\table[[Check if the Account Is Affected by the],[Specified Transaction]]],[Common stock,],[Retained earnings,],[Operating income,],[Capital paid-in excess of par,
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