Business, 18.02.2021 21:10, wEKLJHFKLJEBFR2460

Caswell Corporation is authorized to issue 10,000 shares of common stock on December 31. It sells 8,000 shares at $16 per share. Required:
Record the sale of the common stock, given the following independent assumptions:
1. The stock has a par value of $10 per share.
2. The stock is no-par stock, but the board of directors has assigned a stated value of $8 per share.
3. The stock has no-par and no stated value.

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Caswell Corporation is authorized to issue 10,000 shares of common stock on December 31. It sells 8,...