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Information taken from Skywalker's Training Corporation December 31, 2022. balance sheet follows: Common shares, 800,000 shares authorized, 80,000 shares issued and outstanding $1,200,000 Retained
Information taken from Skywalker's Training Corporation December 31, 2022. balance sheet follows: Common shares, 800,000 shares authorized, 80,000 shares issued and outstanding $1,200,000 Retained earnings 90.235 Total Equity $1,000,235 Common shares, 800,000 shares authorized, 80,000 shares issued and outstanding Retained earnings Total Equity $1,200,000 90,235 $1,000,235 Required: Answer the following questions below. HINT: Prepare the journal entries to be able to answer the question. a) At what price were the shares issued? (In other words, what is the book value of the common shares?) A/
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