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Masthead Corporation was organized on January 1 and issued 325,000 shares of common stock on that date. On July 1, an additional 100,000 shares were
Masthead Corporation was organized on January 1 and issued 325,000 shares of common stock on that date. On July 1, an additional 100,000 shares were issued for cash. Net income for the year was $4,505,000.
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
