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    Exam 13: Corporations: Organization, Stock Transactions, and Dividends
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    A Corporation Purchased 1,000 Shares of Its $5 Par Common
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A Corporation Purchased 1,000 Shares of Its $5 Par Common

Question 99

Question 99

Multiple Choice

A corporation purchased 1,000 shares of its $5 par common stock at $10 and subsequently sold 500 of the shares at $20. What is the amount of revenue realized from the sale?


A) $0
B) $5,000
C) $2,500
D) $10,000

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