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Question 13 Not yet answered Points out of 3.00 Landon Corporation issued 2,000 shares of $5 par value common stock and 400 shares of $40

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Question 13 Not yet answered Points out of 3.00 Landon Corporation issued 2,000 shares of $5 par value common stock and 400 shares of $40 par value preferred stock for a lump sum of $72,000 cash. What is the credit to Additional Paid- in- Capital-Common when the market value of the common shares is $30 each and market value of the preferred stock is $50 each? Round to nearest dollar) Flag question Select one: a. $54,000 O b. $44,000 OC. $18,000 O d. $60,000 O e. $50,000

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