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Olsson Corporation recelved a check from Its underwriters for $82 million. This was for the issue of one million of its $5 par stock that
Olsson Corporation recelved a check from Its underwriters for $82 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $82 per share. Which is the correct entry to record the issue of the stock? Multiple Choice o 82,680,000 cash Stock issue expense stock contract receivable 33,000,000 49,000,000 82,000,000 Cash Deferred stock issue revenue Common stock Paid-in copilal-excess of par 33,000,000 5,900,000 44,900,000 cash 82,000,000 Common stock Paid-in capital-excess of par 5,000,000 77,899,90 82,888,888 Cash Common stock 32.888,888
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