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XYZ Inc. issued 6,000 shares of $100 par value stock for $700,000 cash. The total amount of contributed capital in excess of par is: OA.

XYZ Inc. issued 6,000 shares of $100 par value stock for $700,000 cash. The total amount of contributed capital in excess of par is: OA. $ 600,000, OB. $700,000 OC $0 OD. $100,000

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