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Malco Enterprises issued $16,500 of common stock when thecompany was started. In addition, Malco borrowed $49,000 from alocal bank on July 1, Year 1. The
Malco Enterprises issued $16,500 of common stock when thecompany was started. In addition, Malco borrowed $49,000 from alocal bank on July 1, Year 1. The note had a 5 percent annualinterest rate an 1 answer
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