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The O'Solemare Resort, currently has common stock of $250,000, additional paid-in capital of $875,000, and retained earnings of $80,000. On December 21 of 20X8, it
The O'Solemare Resort, currently has common stock of $250,000, additional paid-in capital of $875,000, and retained earnings of $80,000. On December 21 of 20X8, it issues 15,000 shares of $10 par common stock at $30 per share. Based on this information, you can calculate the value of the stock equity as per that date as follows:
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