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Clem Corporation issues 1 , 0 0 0 shares of common stock for $ 2 5 , 0 0 0 . Clem purchased equipment for

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Clem Corporation issues 1,000 shares of common stock for $25,000. Clem purchased equipment for $10,000 by borrowing from the bank. Clem's total assets are
$15,000.
$35,000.
$25,000.
$10,000.
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