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Jones Company Financial Information Dec 2007 Dec 2008 Net Income $2,000 $5,000 Accounts recv. 750 750 accumulated depreciation $1,000 $1,500 Common stock 4,500 5,000 Paid-in
Jones Company Financial Information Dec 2007 Dec 2008 Net Income $2,000 $5,000 Accounts recv. 750 750 accumulated depreciation $1,000 $1,500 Common stock 4,500 5,000 Paid-in capital 7,500 8,000 Retained earnings 1,500 2,500 Accounts payable 750 750 Based on the above information, assuming that no common stock was repurchased during the year, the firm issued how much new common stock during 2008? a.$1500, B. $1,000, C. $2,000, D.$500
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