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Splish Brothers Inc. began business by issuing 320000 shares of $10 par value common stock for $25 per share. During its first year, the
Splish Brothers Inc. began business by issuing 320000 shares of $10 par value common stock for $25 per share. During its first year, the corporation sustained a net loss of $57000. The year-end balance sheet would show Common Stock of $8000000. Total paid-in capital of $4800000. Total paid-in capital of $7943000. Common Stock of $3200000.
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