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Need help in solving this problem. Can you please show me a step by step on how it's done. Thank you.Common Stock Issuance Cary Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took

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Answer #1

The correct answer is a) $ 190000

Explanation

Contributed capital amount

= 5000 common stock issued for cash $ 18 + 5000 common stock for patents

= $90000 + $100000

= $ 190000

Thus the contributed capital amount = $ 190000

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