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On June 1, 2019,4,000 shares of $10 par value common stock are issued in exchange for new equipment. The equipment has a thir market value
On June 1, 2019,4,000 shares of $10 par value common stock are issued in exchange for new equipment. The equipment has a thir market value of $116,000. In recording this transaction, what amount should be allocated to APIC-CS? Select one: a. 76.000 O b. 40,000 112,000 d. 116,000
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