Question
A company has 60,000 shares of $10 par common stock authorized. On June 1, the company issued 12,000 shares of common stock in exchange for
A company has 60,000 shares of $10 par common stock authorized. On June 1, the company issued 12,000 shares of common stock in exchange for a patent with a fair value of $600,000. How much should the company record for Paid-in Capital in Excess of Par –c/s on June 1?
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A Compg he G00hapes at P al lo 19san issued 120o0 Q...
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
12th edition
1259918947, 1260091908, 978-1259918940
