On July 31 of the current year, Dome Co. issued $1,000,000 of 10%, 15-year bonds at par and used a portion of the proceeds to call its 600 outstanding 11%, $1,000 face value bonds, due in ten years on July 31, at 102.
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Thurman Corporation issued 450,000 shares of $.50 par value capital stock at the date of incorporation for cash at a price of $4 per share. During the first year of operations, the company earned, $100,000, and declared a dividend of $40,000.
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