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The xyz corporation issues 165,189,873 shares of $.01 par common stock and 10,000 shares of $20 par preferred stock for a lump sum of $65,000,000.
The xyz corporation issues 165,189,873 shares of $.01 par common stock and 10,000 shares of $20 par preferred stock for a lump sum of $65,000,000. The market value per share are $10 and $20 respectively. Question, what is the calculations that are related to the allocation of the $______________lump sum value of the issuance, and do I journalize the entries
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