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Title: A corporation issues 14,000 shares of its $4 stated value common shares. The issue price is $7 per ... Post by: sarah963 on Jul 26, 2018 A corporation issues 14,000 shares of its $4 stated value common shares. The issue price is $7 per share. The credit to the Common Stock account is $98,000.
Title: A corporation issues 14,000 shares of its $4 stated value common shares. The issue price is $7 per ... Post by: mommytmk on Jul 26, 2018 FALSE
Explanation: Common Stock is credited for the 14,000 shares issued times the $4 stated value ($56,000). Title: A corporation issues 14,000 shares of its $4 stated value common shares. The issue price is $7 per ... Post by: sarah963 on Jul 26, 2018 Thank you for being such a great website leader! Your answer's right.
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