What is recorded in the company common stock account

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Question 1: A company is started in Year One and has 100,000 shares of common stock authorized with a par value of $10 per share. The company issues 20,000 shares of this stock for $21 per share in Year One and another 10,000 shares for $24 per share in Year Two. What is recorded in the company's Common Stock account at the end of Year Two ?

Option 1: $240,000

Option 2: $300,000

Option 3: $1,000,000

Option 4: $660,000

Reference no: EM132586403

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