Holden Packaging Corporation began business in 2017 by issuing 82000 shares of $5 par common...
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Accounting
Holden Packaging Corporation began business in 2017 by issuing 82000 shares of $5 par common stock for $8 per share and 22000 shares of 6%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2017 balance sheet, Holden Packaging would report
Common Stock of $820000.
Paid-In Capital of $595000.
Common Stock of $410000.
Common Stock of $656000.
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