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Question
if lantz company issues 3,000 shares of $5 par value common stock for $210,000, the account
a.common stock will be credited for $15,000
b.paid-in capital in excess of par value will be credited for $15,000
c.paid-in capital in excess of par value will be credited for $210,000
d.cash will be debited for $195,000
Answer
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