niversal Computer Corp. (UCC) sells 25,000 shares of new common stock ($1 per share par...

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Accounting

niversal Computer Corp. (UCC) sells 25,000 shares of new common stock ($1 per share par value) to new and existing shareholders for $20 per share. Financial Account Check if the Account Is Affected by the Specified Transaction Cash Common stock Long-term debt Retained earnings Capital paid-in excess of par Operating income

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