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TB MC Qu. 8-49 (Algo) Ogilvie Corporation issued... Ogilvie Corporation issued 24,000 shares of no-par...

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TB MC Qu. 8-49 (Algo) Ogilvie Corporation issued... Ogilvie Corporation issued 24,000 shares of no-par stock for $30 per share. Ogilvie was authorized to issue 47,000 shares. What effect will this event have on the company's financial statements? Multiple Choice Increase assets by $1,410,000, increase stockholder' equity by $1,410,000. Increase assets by $720,000, increase stockholders' equity by $720,000

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