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The Messacar Company's January 1 balance sheet included Total Equity of $100,000. During the year, 1,000 Common Shares (par $10) were issued for $14,000. Fifty

The Messacar Company's January 1 balance sheet included Total Equity of $100,000. During the year, 1,000 Common Shares (par $10) were issued for $14,000. Fifty shares of treasury shares were purchased...

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