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The December 31, 2020 Condensed Balance Sheet of Bee Services

Question 19

Multiple Choice

The December 31, 2020 condensed balance sheet of Bee Services, a proprietorship, follows: The December 31, 2020 condensed balance sheet of Bee Services, a proprietorship, follows: On January 1, 2021, Bee Services was incorporated as Bee-Line Ltd., with 10,000 no par value common shares issued. How much should be credited to Common Shares? A) $ 370,000 B) $ 300,000 C) $ 270,000 D) $ 200,000 On January 1, 2021, Bee Services was incorporated as Bee-Line Ltd., with 10,000 no par value common shares issued. How much should be credited to Common Shares?


A) $ 370,000
B) $ 300,000
C) $ 270,000
D) $ 200,000

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