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Dojo Co issued 500 shares of $1 par common and 150 shares of $20 par preferred for a lump sum $21,000. Market prices for each

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"Dojo Co issued 500 shares of $1 par common and 150 shares of $20 par preferred for a lump sum $21,000. Market prices for each was $20 for the common and $100 for the preferred. Using the proportional method, How much would be in APIC - Common Stock?" $500 "$7,900" "$9,600" "$3,500

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