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Question
danley corporation began business by issuing 100,000 shares of $5 par value common stock for $24 per share. during its first year, the corporation sustained a net loss of $20,000. the year-end balance sheet would show
a.common stock of $500,000
b.common stock of $2,400,000
c.total paid-in capital of $2,380,000
d.total paid-in capital of $1,900,000
Answer
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