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Problem 13-3 Ferrero Corporation sold 26,450 shares of common stock to stockholders at the time of its incorporation. Ferrero received $55 per share for the

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Problem 13-3 Ferrero Corporation sold 26,450 shares of common stock to stockholders at the time of its incorporation. Ferrero received $55 per share for the stock. Prepare the journal entry to record the stock issue in each of the following scenarios: Assume that the stock has a par value per share of $10. b. Assume that the stock has a stated value of $5 per share. Assume that the stock has no par value and no stated value. a. c

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