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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 11: Proprietorships,partnerships,and Corporations
  5. Question
    Chisolm Corporation Issued 10,000 Shares of $5 Par Common Stock
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Chisolm Corporation Issued 10,000 Shares of $5 Par Common Stock

Question 57

Question 57

True/False

Chisolm Corporation issued 10,000 shares of $5 par common stock for $22 per share.As a result of this transaction,Chisolm's legal capital increased by $50,000.

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