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Homework answers / question archive / If a corporation issues 1,000 shares of $3 par common stock for $7 a share, the legal capital is: a

If a corporation issues 1,000 shares of $3 par common stock for $7 a share, the legal capital is: a

Accounting

If a corporation issues 1,000 shares of $3 par common stock for $7 a share, the legal capital is:

a. $0.

b. $3,000.

c.   $7,000.

d. $4,000.

 

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