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Question: Air France-KLM reports the following equity information for its fiscal year ended March 31, 2009 (euros in millions). Prepare its journal entry, using its account titles, to record the issuance of capital stock assuming that its entire par value stock was issued on March 31, 2009, for cash.
March 31 2009
Issued capital . . . . . . . . . . . . . . . . . . €2,552
Additional paid-in capital . . . . . . . . 765
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