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    Financial Accounting
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    Exam 11: Reporting and Interpreting Stockholders Equity
  5. Question
    The Issue of $1 Par Value Common Stock for $10
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The Issue of $1 Par Value Common Stock for $10

Question 106

Question 106

True/False

The issue of $1 par value common stock for $10 per share results in a $9 credit to the Additional paid-in capital account for each share issued.

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