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Business, 02.12.2020 16:40 lestessanders02

OM, Inc. was organized on January 1, 2020. The firm was authorized to issue 1,000,000 shares of $2 par value common stock. During 2020, OM had the following transactions relating to stockholders' equity: Issued 20,000 shares of common stock at $7 per share. Issued 40,000 shares of common stock at $8 per share. Reported a net income of $100,000. Paid dividends of $50,000. What is the total amount recorded in the Common Stock account at the end of 2020

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OM, Inc. was organized on January 1, 2020. The firm was authorized to issue 1,000,000 shares of $2 p...
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