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Company A is a new company that must raise Contributed Equity Capital to fund its operations. The Company is in a state that requires companies
Company A is a new company that must raise Contributed Equity Capital to fund its operations. The Company is in a state that requires companies to atttribute or label each Common Stock share with a Par Value. Company A's Par Value will be set by their Board at $7 per share. The Board authorizes the issuance of 100 million shares. PART 1 The Board intially sells 10 million shares into the capital markets at a price of $14 per share. Provide the entry that the company makes when the shares are issued and sold and the cash proceeds are received. Fill in the table below with the correct number of shares Authorized Issued Outstanding PART 2 100 million TOTAL SHARES as created by the Board intially SHARES SOLD as sold by Management SHARES Not sold Remaining PART 3 10 million PART 4 90 million
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