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Unformatted text preview: December Equipment $ 200,000 Builidng $ 500,000 Common Stock (10,000 x $10) $ 100,000 Paid in Capital in Excess of Par - Common (700,000 - 100,00) $ 600,000 Issued common stock in exchange for equipment & bulidng While the stock offerings are the same Mane Event makes out better by issuing stock for the equipment & building by $100,000...
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- Spring '10