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Global Marine obtained a charter from the state in January thatauthorized 1,000,000 shares of common stock, $5 par value. Duringthe first year, the company earned

Global Marine obtained a charter from the state in January thatauthorized 1,000,000 shares of common stock, $5 par value. Duringthe first year, the company earned $440,000 of net income anddeclared 2 answers

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