Sheridan Corporation began business by issuing 179300 shares of $5 par value common stock for...
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Accounting
Sheridan Corporation began business by issuing 179300 shares of $5 par value common stock for $20 per share. During its first year, the corporation sustained a net loss of $29400. The year-end balance sheet would show
Total paid-in capital of $925900.
Common stock of $896500.
Common stock of $3586000.
Total paid-in capital of $3556600.
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