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On the first of the year, Colorado Corporation issued 10,000 shares of $1 par common stock at $10 per share. Later in the year they
On the first of the year, Colorado Corporation issued 10,000 shares of $1 par common stock at $10 per share. Later in the year they purchased 1,000 shares of treasury stock from their shareholders for $12 each. The balance in Common Stock at year-end is:
$100,000 |
$9,000 |
$10,000 |
$88,000 |
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