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JKLCompanyissued2,000sharesof$60parvaluecommonstockfor$65pershare on September 1st, 2023. Calculate: a) Total proceeds received from the issuance of common stock. b) Additional paid-in capital. c) Book value per share
JKL Company issued 2,000 shares of $60 par value common stock for $65 per share on September 1st, 2023. Calculate: a) Total proceeds received from the issuance of common stock. b) Additional paid-in capital. c) Book value per share after the issuance.
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