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Question
alt corp. issues 2,000 shares of $10 par value common stock at $14 per share. when the transaction is recorded, credits are made to:
a.common stock $20,000 and paid-in capital in excess of stated value $8,000
b.common stock $28,000
c.common stock $20,000 and paid-in capital in excess of par value $8,000
d.common stock $20,000 and retained earnings $8,000
Answer
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