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century corporation issued 500,000 shares of $8 par valur common stock at the time of...

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Accounting

century corporation issued 500,000 shares of $8 par valur common stock at the time of its incorporation. The stock was issued for cash at the price of $13 per share. During the first year of operations, the company sustained a net loss of $80,000. The year end balance sheet would show the balance of the Common Stock account to be:

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