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XYZ Company has 2 million shares of common stock authorized with a par value of $5 per share, of which 1,600,000 shares are outstanding.
XYZ Company has 2 million shares of common stock authorized with a par value of $5 per share, of which 1,600,000 shares are outstanding. The company received $15 per share when it issued shares to the public. Required: What is the book value of Additional paid-in capital account? (1 point) Please show your calculation process(3 points). Edit View Insert Format Tools Table
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Intermediate Accounting
Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
8th edition
978-1259997525, 1259997529, 978-1259548185
