LBM, Inc. issues 25,000 shares of common stock for $20 per share. The stock has a par
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Question:
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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