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Galaxy Corporation issues 5 0 0 shares of $ 1 par value common stock for $ 5 , 0 0 0 . What is the

Galaxy Corporation issues

500

shares of $

1

par value common stock for $

5, 000 .

What is the total effect on owners' equity?

Increases $

5, 000

Increases $

4, 500

Increases $

500

No effect

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