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The 12/31/2016 balance sheet of Despot Inc.included the following:
Use the following to answer questions The 12/31/2016 balance sheet of Despot Inc.included the following: -In January 2016,Despot recorded a transaction with this journal entry: The transaction was for the: A) Issue of 2 million shares of common stock at par value. B) Issue of common stock for $150 million in cash. C) Receipt of $20 per share for a new stock issue. D) All of these answer choices are correct.
-In January 2016,Despot recorded a transaction with this journal entry:
Use the following to answer questions The 12/31/2016 balance sheet of Despot Inc.included the following: -In January 2016,Despot recorded a transaction with this journal entry: The transaction was for the: A) Issue of 2 million shares of common stock at par value. B) Issue of common stock for $150 million in cash. C) Receipt of $20 per share for a new stock issue. D) All of these answer choices are correct.
The transaction was for the:


A) Issue of 2 million shares of common stock at par value.
B) Issue of common stock for $150 million in cash.
C) Receipt of $20 per share for a new stock issue.
D) All of these answer choices are correct.

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