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1. Johnson Corporation issues 50,000 shares of its common stock for all of the outstanding shares of Smithson, Inc. Johnson's shares have a par value

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1. Johnson Corporation issues 50,000 shares of its common stock for all of the outstanding shares of Smithson, Inc. Johnson's shares have a par value of $4 and a market value of $19 per share. What is the increase in consolidated additional paid-in capital resulting from the combination? a. $ 750,000 b. $ 934,000 C. $1,634,000 d. $-0

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