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Essence Company was authorized to issue ten million shares of common stock with a $1 par value. Initially, three million shares were issued for $2
Essence Company was authorized to issue ten million shares of common stock with a $1 par value. Initially, three million shares were issued for $2 per share. Later, another three million were issued at $3 per share. What can be inferred from this data? Select a Choice Below current question choices OptionA The company's capital in excess of par is $9 million. OptionB The company's contributed capital is $9 million. OptionC The company's net income increased by $15 million. OptionD The company's retained earnings increased by $15 million
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