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24-04-2024
Business

Answered

Green LTD issued 5,000 shares of its $5 par value common stock in payment for attorney services of $40,000. Wolverine stock has been actively trading at $20 per share. This transaction would include a:
a. debit to Legal Expense $100,000.
b. debit to Legal Expense $40,000.
c. credit to Common Stock $100,000.
d. credit to Common Stock $40,000.

Answer :

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