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    Fundamental Financial Accounting Concepts
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    Exam 11: Proprietorships,partnerships,and Corporations
  5. Question
    Explain the Differences in Recording the Initial Issue of Stock
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Explain the Differences in Recording the Initial Issue of Stock

Question 137

Question 137

Essay

Explain the differences in recording the initial issue of stock for (a)par-value, (b)stated- value,and (c)no-par stock.

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a.With par value stock,the par value is ...

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