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LBM, Inc. issues 25,000 shares of common stock for $20 per share. The stock has a par value of $1 per share. By what amount

LBM, Inc. issues 25,000 shares of common stock for $20 per share. The stock has a par value of $1 per share. By what amount would LBM credit capital in excess of par?

a. 500,000

b. 475,000

c. 25,000

d. 50,000

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