At the beginning of its first taxation year, new Co limited, and newly incorporated company, issued 100 common shares to Mr. A for $10,000. On June 1st of the same year, new Co issued an additional 100 common shares to Mr B for $15,000 which is the fair value of the shares on that date . On December 30th of the same year Mr C acquired all of Mr A's common shares for $20,000. 

Calculate the total paid up capital

Answer rating: 100% (QA)

Given Mr A purchased 100 common shares 10000 Mr B purchased 100 common shares 15000 Mr C ... View the full answer