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O'Malley, Inc. issued 80,000 shares of common stock in exchange for manufacturing equipment. The equipment has a fair value of $1,000,000. The stock has a
O'Malley, Inc. issued 80,000 shares of common stock in exchange for manufacturing equipment. The equipment has a fair value of $1,000,000. The stock has a par value of $0.01 per share. The journal entry to record this transaction includes a ________
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Fundamental Accounting Principles Volume 2
Authors: John Wild, Ken Shaw, Barbara Chiappetta
21st Edition
0077716663, 978-0077716660
