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Wyler Company issued 20,000 shares of $10 par value common stock in exchange for a building with a current fair value of $1,000,000. In recording
Wyler Company issued 20,000 shares of $10 par value common stock in exchange for a building with a current fair value of $1,000,000. In recording this transaction, what amount should be credited to the Paidin Capital in Excess of Par Value account?
Select one:
$200,000
$980,000
$800,000
$1,000,000
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