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61. - Company III issued 8,000 shares of common stock at $25 per share. - Calculate the total amount of



61.  
    - Company III issued 8,000 shares of common stock at $25 per share.
    - Calculate the total amount of cash received from the issuance of stock.
    - Also, compute the par value per share if the company has a total par value of $40,000.

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