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If keene company issues 9,000 shares of $5 par value common stock for $160,000, the account
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If keene company issues 9,000 shares of $5 par value common stock for $160,000, the account

User Dmitry Gamolin
by
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1 Answer

4 votes

Answer: $115,000

Explanation:

The common stock is 9000 times 5 = $45000

To Paid-in Capital in Excess of Par = 160,000 - 45,000 = $115,000

User Kklo
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