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Find the Paid-in capital: Arilla Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value
Find the Paid-in capital:
Arilla Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $54,000. In addition, Arilla received cash for 3,000 shares of its $10 par preferred stock at par value and 6,000 shares of its no-par common stock at $35 per share. Without making journal entries, determine the total paid-in capital created by these transactions. The total paid-in capital created by these transactions amount to $Step by Step Solution
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