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Significant Noncash Activities

13. Statement of Cash Flows / Significant Noncash Activities / Problem 1

Problem 1

A company issues 200,000 shares of \$0.05 par value common stock to retire \$500,000 of bonds payable. What is the APIC?

A

\$500,000

B

\$200,000

C

\$10,000

D

\$490,000