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What the year-end balance sheet would show the balance

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Problem 1: Davidson Corporation issue 100,000 of no-par value capital stock at the time of its incorporation. The Stock was issued for cash at a price of #13 per share. During the first year of operations the company sustained a net loss of $30,000. The year-end balance sheet would show the balance of the Share Capital account to be what?

Reference no: EM132760027

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