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A company issued 60 shares of $100 par value common stock for $7,000 cash. The total amount of paid-in capital in excess of par is
A company issued 60 shares of $100 par value common stock for $7,000 cash. The total amount of paid-in capital in excess of par is which of the following:
$100.
$600.
$1,000.
$6,000.
$7,000.
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