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Write the journal entries for 1) Issuance of stock with a par value in exchange for cash 2) Issuance of no-par stock without a stated
Write the journal entries for
1) Issuance of stock with a par value in exchange for cash
2) Issuance of no-par stock without a stated value in exchange for cash
3)Issuance of no-par stock with a stated value in exchange for cash
4)how do you determine the amount that the issued stock should be recorded at if stock is issued in exchange for goods or services (i.e. a noncash transaction),
5) If costs are incurred to issue stock, how should those costs be incorporated into the journal entry for issuing the stock?
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