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Business, 20.09.2020 14:01 COOLIOMARIS

Century Corporation issued 400,000 shares of $4 par value common stock at the time of its incorporation. The stock was issued for cash at a price of $16 per share. During the first year of operations, the company sustained a net loss of $100,000. The year-end balance sheet would show the balance of the Common Stock account to be:

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Century Corporation issued 400,000 shares of $4 par value common stock at the time of its incorporat...
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