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Irish Corporation issued (sold) 5,000 shares of its no par common stock for $35 per share. The bylaws established a stated value of $5 per
Irish Corporation issued (sold) 5,000 shares of its no par common stock for $35 per share. The bylaws established a stated value of $5 per share. The transaction would increase common stock by
a.) zero
b.) $25,000
c.) $150,000
d.) $175,000
e.) None of the above
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