3 years ago

A company issued 60 shares of $100 par value common stock for $7,000 cash. The total amount of paid-in capital is:

1 answer:

6 0

Answer:

A company issued 60 shares of $100 par value common stock for $7,000 cash. The total amount of paid-in capital is: $6, 000

Explanation:

60 shares of $100 per value

therefore, the cost would be 60 X 100= $6,000

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