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Question(s) / Instruction(s):

A corporation has the following account balances: Common stock, $1 par value, $30,000; Paid-in Capital in Excess of Par Value, $1,350,000. Based on this information, the A. Legal capital is $1,380,000. B. Number of shares issued are 30,000. C. Number of shares outstanding are 1,380,000. D. Average price per share issued is $4.60.

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