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If a company issues 2,500 shares of $5 par value common stock at a market price of $32 per share, which of the following is
If a company issues 2,500 shares of $5 par value common stock at a market price of $32 per share, which of the following is the correct balance sheet effect?
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Increase cash $80,000, increase common stock $12,500 and increase additional paid in capital $67,500
Increase cash $80,000, increase common stock $40,000 and increase additional paid in capital $40,000
Increase cash $80,000, increase common stock $80,000
Increase cash $80,000, increase additional paid in capital $80,000
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