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Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the

Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $37,500, declared no dividends. I am confused on how to fins the issued 53,000 shares of the common stock at $13 cash per share

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