xyz corporation sells 1 million shares of common, Corporate Finance

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xyz corporation sells 1 million shares of common

XYZ Corporation sells 1 million shares of common stock for $22 per share. The articles of incorporation have set a $1 per share par value. What changes on the balance sheet because of this sale of stock - what goes up/down and by how much? Remember that the balance sheet equation will still balance after the changes.

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Corporate Finance: xyz corporation sells 1 million shares of common

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Corporate Finance: xyz corporation sells 1 million shares of common

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