DoorDash is planning an IPO for the 4th quarter of 2020. The company is currently valued at $16B and plans to issue 16 million shares as part of its IPO at this valuation. These shares will have a par value of $0.10. What amounts would DoorDash record as Contributed Capital and Additional Paid in Capital if it issues its stock at this current valuation? Hint: Pay attention to the digits! A reminder that $16B = $16,000,000,000 Answers are formatted: Contributed Capital; APIC

Answer rating: 100% (QA)

To determine the amounts of Contributed Capital and Additional Paidin Capital APIC that D... View the full answer