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Is this correct? common stock was $55 per share. In recording this transaction, Rick would: Multiple Choice Credit common stock for $12.65 million. Credit paid-in
Is this correct?
common stock was $55 per share. In recording this transaction, Rick would: Multiple Choice Credit common stock for $12.65 million. Credit paid-in capital-excess of par for $12.65 million. None of these answer choices are correct. Debit retained earnings for $12.65 millionStep by Step Solution
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