Homework Answers
|
Par value of common stock [ ( 28000 + 18000 ) * 5 ] |
230000 |
|
(+) Paid in capital in excess of par - common [ 28000 * ( 6 - 5 ) ] + [ 18000 * ( 8.20 - 5 ) ] |
85600 |
| Total paid-in capital | 315600 |
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