Holden Packaging Corporation began business in 2017 by issuing 91000 shares of $5 par common stock for
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Holden Packaging Corporation began business in 2017 by issuing 91000 shares of $5 par common stock for $9 per share and 20000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2017 balance sheet, Holden Packaging would report
Common Stock of $910000.
Common Stock of $455000.
Common Stock of $819000.
Paid-In Capital of $685000.
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