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Irish Corporation issued (sold) 23,000 shares of common stock for $57 per share. The bylaws...

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Question

Accounting

Irish Corporation issued (sold) 23,000 shares of common stock for $57 per share. The bylaws established a stated value of $5 per share. What is the amount of increase in the common stock account as a result of this transaction?

$1,196,000.

$1,311,000.

$0.

$115,000.

Answer & Explanation Solved by verified expert
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