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Sheridan Company began business by issuing 150000 shares of $10 par value common stock for $23 per share. During its first year, the corporation sustained

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Sheridan Company began business by issuing 150000 shares of $10 par value common stock for $23 per share. During its first year, the corporation sustained a net loss of $40000. The year-end balance sheet would show Common Stock of $1500000 Common Stodk of $3450000. O Total paid-in capital of $3410000

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