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Which of the following is a benefit of selling stock to raise money versus debt? Bond interest is tax-deductible. Bond owners have no voting rights.
Which of the following is a benefit of selling stock to raise money versus debt? Bond interest is tax-deductible. Bond owners have no voting rights. O Dividends can be paid whenever a company decides O Dividends must be paid every year. What is the journal entry for the sale of 10,000 shares of $2 par value common stock for $13/share? Debit Common Stock 20,000; Credit Cash 20,000 LE Debit Cash 20,000; Credit Common Stock 20,000 O Debit Cash 130,000; Credit Common Stock 130,000 O Debit Cash 130,000; Credit Common Stock 20,000, Credit Paid-In Capital in Excess of Par-Common 110,000
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