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If a firm reports common stock of $20,000 and Additional Paid In Capital - Stock of $5,000, how much did the firm sell the stock
If a firm reports common stock of $20,000 and Additional Paid In Capital - Stock of $5,000, how much did the firm sell the stock for? a. $5,000 b. $15,000. C. $20,000. d. $25,000 Last year, a firm sold a share of common stock for $25. The par value of the common stock is $10. This year, the firm repurchased the stock for $28. In recording the entry for the purchase, the Treasury Stock account will be increased by: a. $10. b. $15. C. $25. d. $28. > >
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