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Chapter 11 Review 1) On January 1, 2018 ABC Corporation issues 10,000 common shares for $100,000, pays $2,500 in legal fees and $1,500 in
Chapter 11 Review 1) On January 1, 2018 ABC Corporation issues 10,000 common shares for $100,000, pays $2,500 in legal fees and $1,500 in other fees to set up its corporate charter. a. Prepare the entries for the issuance of the shares and set up of its charter I
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