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Issuing Common Stock for Assets or Services
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Issuing Common Stock for Assets or Services
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12. Stockholders' Equity / Issuing Common Stock for Assets or Services / Problem 5
Problem 5
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
\$30,000
B
\$50,000
C
\$80,000
D
\$20,000
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