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When a company sells stock for less than the par value, it will record a gain on sale for the amount in excess of par.
When a company sells stock for less than the par value, it will record a gain on sale for the amount in excess of par.
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th International Edition
0132815591, 9780132815598
