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Adventure Outfitters issues 2,600 shares of its $0.01 par value common stock to provide funds...

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Accounting

Adventure Outfitters issues 2,600 shares of its $0.01 par value common stock to provide funds for further expansion. Assume the issue price is $12 per share.
Determine the financial statement effects of the issuance of common stock.Adventure Outfitters issues 2,600 shares of its $0.01 par value common stock to provide funds for further expansion. Assume the issue
price is $12 per share.
Determine the financial statement effects of the issuance of common stock.
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