Brando corporation issued 300000 shares of 4 par-value, Financial Accounting

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Brando corporation issued 300000 shares of 4 par-value

Brando Corporation issued 300,000 shares of $4 par-value common stock at the time of its incorporation. The stock was issued for cash at a price of $15 per share. During the first year of operations, the company sustained a net loss of $100,000. How would the year-end balance sheet show the balance of the Common Stock account?

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Financial Accounting: Brando corporation issued 300000 shares of 4 par-value

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Financial Accounting: Brando corporation issued 300000 shares of 4 par-value

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