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Exercise 13-03 a-b (Part Level Submission) During its first year of operations, Novak Corporation had the following transactions pertaining to its common stock Jan. 10

Exercise 13-03 a-b (Part Level Submission) During its first year of operations, Novak Corporation had the following transactions pertaining to its common stock Jan. 10 Issued 71,500 shares for cash at $7 per share July 1 Issued 41,500 shares for cash at $8 per share

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