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3. The company issued 2,000 shares of $10 par common stocks for $16. What is the effect in the total paid in capital? a) Increase

3. The company issued 2,000 shares of $10 par common stocks for $16. What is the effect in the total paid in capital?

a) Increase by $32,000

b) Increase by $12,000

c) Increase by $20,000

You MUST show your calculations:

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