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    A Company Issued 600 Shares of $50 Par Value Stock
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A Company Issued 600 Shares of $50 Par Value Stock

Question 58

Question 58

Multiple Choice

A company issued 600 shares of $50 par value stock for $45,000.The total amount of contributed capital is:


A) $30,000.
B) $15,000.
C) $45,000.
D) $50.

Correct Answer:

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