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Business, 21.05.2020 04:06 jruiz33106

Alt Corp. issues 5,000 shares of $10 par value common stock at $14 per share. When the transaction
is recorded, credits are made to:
a. Common Stock $50,000 and Paid-in Capital in Excess of Stated Value $20,000.
b. Common Stock $70,000.
c. Common Stock $50,000 and Paid-in Capital in Excess of Par Value $20,000.
d. Common Stock $50,000 and Retained Earnings $20,000.

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