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Jared's Mining Corporation issued 2,000 shares of common stock for $5 per share. The corporation's common stock has a par value of $3 per share.
Jared's Mining Corporation issued 2,000 shares of common stock for $5 per share. The corporation's common stock has a par value of $3 per share. What is one financial statement implications of this transaction? Common stock will increase by $4,000. Additional paid-in capital will increase by $10,000. Common stock will increase by $10,000. Additional paid-in capital will increase by $4,000. 2.5 Point
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