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Sullivan Limited issued 2,000 shares of no par value common shares for $79,000. Prepare Sullivan's journal entry if (a) the

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Sullivan Limited issued 2,000 shares of no par value common shares for $79,000. Prepare Sullivan's journal entry if (a) the shares have no par value, and (b) the shares have a par value of $11 per share.

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a When the shares have no par value In many jurisdictions companies are allowed to issue shares with …View the full answer


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Intermediate Accounting

Intermediate Accounting

ISBN: 978-1119048541

11th Canadian edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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Question Details
Chapter # 3
Section: Brief Exercises
Problem: 20
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Question Posted: September 02, 2023 11:11:28
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