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Current Attempt in Progress Waterway Corporation began business by issuing 649600 shares of $5 par value common stock for $25 per share. During its first

Current Attempt in Progress\ Waterway Corporation began business by issuing 649600 shares of

$5

par value common stock for

$25

per share. During its first year, the corporation sustained a net loss of

$62300

. The year-end balance sheet would show\ Common stock of

$3248000

.\ Total paid-in capital of

$12992000

.\ Total paid-in capital of

$16177700

.\ Common stock of

$16240000

.

image text in transcribed
Waterway Corporation began business by issuing 649600 shares of $5 par value common stock for $25 per share. During its first year, the corporation sustained a net loss of $62300. The year-end balance sheet would show Common stock of $3248000. Total paid-in capital of $12992000. Total paid-in capital of $16177700. Common stock of $16240000

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