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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 6
Problem 6
A company issues 150,000 shares of \$1 par value common stock for equipment valued at \$200,000. What is the APIC recorded?
A
\$150,000
B
\$100,000
C
\$200,000
D
\$50,000
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