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Problem 1: The following table summarizes the values paid by investors on the issue of a firm's common stocks through the fiscal years 2013 to 2016. Assuming the firm has never issued Common Stock before 2013, the Balance Sheet for 2016 year end will show the value of Common Stock to be __________.
Year Stock issued Amount of Common Stocks Issued Par Value Total Paid by Investors on all Stocks this
Year 2013 Common Stock A10,000 $2 $100,000
2014 Common Stock B50,000 $2 $120,000
2015 Common Stock C20,000 $2 $150,000
2016 Common Stock D30,000 $2 $180,000
Option 1: $110,000
Option 2: $220,000
Option 3: $330,000
Option 4: $550,000
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