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Flynn Company issued 7,000 shares of $10 par value common stock at a market price of $16. As a result of this accounting event, the

Flynn Company issued 7,000 shares of $10 par value common stock at a market price of $16. As a result of this accounting event, the affect on equity accounts would Multiple Choice increase by $42,000 be unaffected by the event Increase by $70,000 increase by $112.000

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