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On January 2, Year 1, Torres Corporation issued 15.000 shares of $10 par-value common stock for $15 per share. Which of the following statements
On January 2, Year 1, Torres Corporation issued 15.000 shares of $10 par-value common stock for $15 per share. Which of the following statements is true? Multiple Choice The common stock account will increase by $225,000 The cash account will increase by $150,000 Total stockholders equey will increase by $150,000 The paid in capital in excess of par value account will increase by $75,000
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