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Thurman Corporation issued 340.000 shares of $0.50 par value capital stock at its date of incorporation for cash at a price of $20 per share.
Thurman Corporation issued 340.000 shares of $0.50 par value capital stock at its date of incorporation for cash at a price of $20 per share. During the first year of operations, the company earned $140,000 and declared a dividend of $37.000. At the end of this first year of operations, the balance of the Common Stock account is: Multiple Choice o 5698,500. o S170,000. o . o
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