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Blue Corporation issues 200 packages of securities for $80 per package, or a total of $16,000. Each package includes four shares of $5 par common stock and one share of $30 par preferred stock. If the separate market values are $20 per share for the common stock and $70 per share for the preferred stock, what journal entry will Blue make to record this transaction?
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Government Auditing Standards published by the United States Government Accountability Office define standards associated with the following types of engagements:
Prepare a master budget for the 3-month period ending
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