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abc company has the following authorized stock: common stock: 1.00 par value, 100,000 shares on 1/11/15, abc company issued 10,000 shares of common stock for $5 per share (cash). what is the credit to common stock?

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Yormex

Following the information provided about the amount that the company common stock is $50,000.

How do you determine the credit to common stock?

Following the formula below, credit to common stock can be deduced. It is worked out below:

Common stock = Shares of common stock × Per share

Where:

Shares of common stock = 10,000 shares

Per share = $5 per share

Let plug in the formula

Common stock = 10,000 × $5

Common stock = $50,000

Therefore, the amount that the company received is $50,000. It can then be said that the common stock is $50,000.

learn more about common stock: https://brainly.com/question/25765493

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