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Corporate Formation and Stock Transactions


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LO 1 Identify characteristics of corporations and their organization.
LO 2 Define capital stock terminology.
LO 3 Describe the components of stockholders' equity.
LO 4 Record the issuance of common stock for cash.
LO 5 Record the issuance of common stock for noncash assets or services.
LO 6 Explain characteristics of preferred stock.
LO 7 Record the issuance of preferred stock.
LO 8 Compute book value and explain its use in analysis.








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