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TB MC Qu. 18-51 (Algo) Olsson Corporation received... Olsson Corporation received a check from its underwriters for $81 million. This was for the issue of

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TB MC Qu. 18-51 (Algo) Olsson Corporation received... Olsson Corporation received a check from its underwriters for $81 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $81 per share. Which is the correct entry to record the issue of the stock? Multiple Choice

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