Amsterdam Corporation recently organized. The company issued common stock to an inventor in exchange for a patent
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Amsterdam Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a fair value of $56,000. In addition, Amsterdam Corporation received cash for 2,000 shares of its $10 par preferred stock at par value and 9,000 shares of its no-par common stock at $45 per share. Without making journal entries, determine the total paid-in capital created by these transactions.
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Related Book For 
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780137858651
8th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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