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QUESTION 19 (5 points) Valley, Inc. was organized on January 2, 2020, with 600,000 authorized shares of $5 par value common stock. During 2021, the
QUESTION 19 (5 points) Valley, Inc. was organized on January 2, 2020, with 600,000 authorized shares of $5 par value common stock. During 2021, the company issued 300,000 shares at $17 per share, repurchased 120,000 shares at $15 per share, and resold 90,000 shares of treasury stock for $18 per shared. What will be the balance in Valley, Inc.'s Paid In Capital, t-stock account at the end of 2021? (LE 15) $1,170,000 O $450,000 $270,000 $120,000
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