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A company issues 80,000 shares of \$0.25 par value common stock for consulting services valued at \$50,000. How should the APIC be calculated?
A company issues 100,000 shares of \$1 par value common stock for legal services valued at \$120,000. What is the journal entry to record this transaction?
A company issues 40,000 shares of \$1 par value common stock for marketing services valued at \$70,000. How should the APIC be calculated?
Why is the fair market value used instead of book value when recording assets received for common stock?
A company issues 100,000 shares of \$0.50 par value common stock for a building valued at \$80,000. What is the APIC recorded?
A company issues 150,000 shares of \$1 par value common stock for equipment valued at \$200,000. What is the APIC recorded?
How does the journal entry for issuing common stock for services differ from issuing common stock for cash?
A company issues 200,000 shares of \$0.50 par value common stock for legal services valued at \$140,000. What is the journal entry to record this transaction?
What is the impact on equity when a company issues common stock for services?
What is a key difference in the journal entry when issuing common stock for assets versus cash?