A company has 60,000 shares of $10 par common stock authorized. On June 1, the company issued
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A company has 60,000 shares of $10 par common stock authorized. On June 1, the company issued 12,000 shares of common stock in exchange for a patent with a fair value of $600,000. How much should the company record for Paid-in Capital in Excess of Par –c/s on June 1?
Related Book For
Corporate Finance
ISBN: 978-1259918940
12th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
Posted Date: