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Cullumber Corp. had the following transactions in its firstmonth of operations: 1.On incorporation, the company had issued1,000 common shares in exchange for $14,400 cash and

Cullumber Corp. had the following transactions in its firstmonth of operations: 1.On incorporation, the company had issued1,000 common shares in exchange for $14,400 cash and equipmentworth $13.000 2 answers

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