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Q: On December 15, 2020, XYZ issued 1,500 shares of its no-par common stock for $50 per share. The no-par stock has a state value

Q: On December 15, 2020, XYZ issued 1,500 shares of its no-par common stock for $50 per share. The no-par stock has a state value of $1 per share. Record the issuance of the stock

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