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What amount should be recorded for common stock

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Reference no: EM132958308

Question - On January 2, 2016, Alpha Corporation's initial capital stock transaction consisted of the issuance of 2,500 shares of $9 par value common stock, for $50 per share. What amount should be recorded for:

1. Common Stock

2. Paid in Capital in excess of par Common Stock

Reference no: EM132958308

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