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Olsson Corporation received a check from its underwriters for $80 million. This was for the issue of one million of its $5 par stock
Olsson Corporation received a check from its underwriters for $80 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $80 per share. Which is the correct entry to record the issue of the stock?
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Management Information Systems Managing the Digital Firm
Authors: Ken Laudon, Jane P. Laudon
13th edition
133050696, 978-0133050691
