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paul knepper contributes $50,000 cash to establish florida flippers, inc., a new scuba business organized as a corporation; he receives in exchange 25,000 shares of
paul knepper contributes $50,000 cash to establish florida flippers, inc., a new scuba business organized as a corporation; he receives in exchange 25,000 shares of stock with a $0.10 per share par value.
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