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Question
if norben company issues 2,000 shares of $5 par value common stock for $140,000, the account
a.common stock will be credited for $140,000
b.paid-in capital in excess of par value will be credited for $10,000
c.paid-in capital in excess of par value will be credited for $130,000
d.cash will be debited for $130,000
Answer
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