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DoorDash is planning an IPO for the 4th quarter of 2020. The company is currently valued at $16B and plans to issue 16 million shares
DoorDash is planning an IPO for the 4th quarter of 2020. The company is currently valued at $16B and plans to issue 16 million shares as part of its IPO at this valuation. These shares will have a par value of $0.10. What amounts would DoorDash record as Contributed Capital and Additional Paid in Capital if it issues its stock at this current valuation? Hint: Pay attention to the digits! A reminder that $16B = $16,000,000,000 Answers are formatted: Contributed Capital; APIC
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Financial Accounting
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
14th edition
1305088433, 978-1305088436
