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If Vickers Company issues 5,000 shares of $5 par value common stock for $175,000, Common Stock will be credited for $175,000. Paid-In Capital in Excess

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If Vickers Company issues 5,000 shares of $5 par value common stock for $175,000, Common Stock will be credited for $175,000. Paid-In Capital in Excess of Par will be credited for $25,000. Cash will be debited for $150,000. Paid-In Capital in Excess of Par will be credited for $150,000

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