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What is the credit balance in the common stock account

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Question - A new company issued 5,000 shares of $6 par common stock for $46,500. Next it issued 15,000 shares of $6 par common stock in exchange for land when the stock was trading for $12 per share. The company then declared a 2% stock dividend and distributed the stock. What is the credit balance in the Common Stock account after these transactions?

Reference no: EM132566783

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