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When a company issues 40,000 shares of $5 par value common stock for $50 per share, the journal entry for this issuance would include:

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When a company issues 40,000 shares of $5 par value common stock for $50 per share, the journal entry for this issuance would include: Multiple Choice A credit to Common Stock for $2,000,000. A debit to Cash for $200,000. A debit to Additional Paid-in Capital for $200,000. A credit to Additional Paid-in Capital for $1,800,000.

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