Problem: BC Company has the following authorized stock: Common stock: 1.00 par value, 100,000 shares. On 1/11/15, ABC Company issued 10,000 shares of common stock for $5 per share (cash). How much cash does the company receive?
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BC Company has the following authorized stock: Common stock: 1.00 par value, 100,000 shares. On 1/11/15, ABC Company issued 10,000 shares of common stock for $5 per share (cash). How much cash does the company receive?
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