Business, 25.03.2020 04:39 aprilreneeclaroxob0c

Olsson Corporation received a check from its underwriters for $85 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $85 per share. Which is the correct entry to record the issue of the stock?

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Olsson Corporation received a check from its underwriters for $85 million. This was for the issue of...