Solution-What changes on the balance sheet

What changes on the balance sheet

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XYZ Corporation sells 1 million shares of common stock for $22 per share. The articles of incorporation have set a $1 per share par value. What changes on the balance sheet because of this sale of stock - what goes up/down and by how much? Remember that the balance sheet equation will still balance after the changes.

Reference no: EM13197670

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What changes on the balance sheet

Reference no: EM13197670

Reference no: EM13197670

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