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(4 points) 4. The company issued 3,250 shares of $15 par common stocks for $20. What is the effect in paid in capital in excess

(4 points) 4. The company issued 3,250 shares of $15 par common stocks for $20. What is the effect in paid in capital in excess of par? a) Increase by $65.000 b) Increase by $48,750 c) Increase by $16,250 You MUST show your calculations

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