Jacob Corporation shows a total of $1,260,000 in its common stock account and $1,400,000 in...
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Accounting
Jacob Corporation shows a total of $1,260,000 in its common stock account and $1,400,000 in its paid-in capital in excess of par value - common stock account. The par value of Jacob's common stock is $7. How many shares of Jacobs's stock have been issued? A) It cannot be determined. B) 380,000. C) 180,000 D) 200,000
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