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On January 2, Year 1, Torres Corporation issued 27,000 shares of $20 par-value common stock for $23 per share. Which of the following statements is

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On January 2, Year 1, Torres Corporation issued 27,000 shares of $20 par-value common stock for $23 per share. Which of the following statements is true? Multiple Choice The paid-in capital in excess of par value account will increase by $81,000. O Total equity will increase by $540,000. The common stock account will increase by $621,000. The cash account will increase by $540,000

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