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Calculate the balance of the common stock account is

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Thurman Corporation issued 240,000 shares of $0.50 par value capital stock at its date of incorporation for cash at a price of $3.0 per share. During the first year of operations, the company earned $100,000 and declared a dividend of $32,000. At the end of this first year of operations, the balance of the Common Stock account is?

Reference no: EM132329064

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