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Business, 17.10.2019 20:30 reecedstceklein

The 12/31/2013 balance sheet of despot inc. included the following: common stock, 25 million shares at $20 par $500 million paid-in capital—excess of par 3,000 million retained earnings 980 million in january 2013, despot recorded a transaction with this journal entry: cash $150 million common stock $100 million paid-in capital—excess of par 50 million the transaction was for the: a. issue of 2 million shares of common stock at par value. b. issue of common stock for $150 million in cash. c. receipt of $20 per share for a new stock issue. d. all of the above are correct.

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The 12/31/2013 balance sheet of despot inc. included the following: common stock, 25 million shares...
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