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A company issued 150 shares of $100 par value common stock for $16,000 cash. The total amount of paid-in capital is: a $15,000. b $1,500.
| A company issued 150 shares of $100 par value common stock for $16,000 cash. The total amount of paid-in capital is: |
a $15,000.
b $1,500.
c $1,000.
d $16,000.
e $100.
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