A company issued 150 shares of 100 par value common stock


A company issued 150 shares of $100 par value common stock for $16,000 cash. The total amount of paid-in capital is:

a. $15,000.

b. $1,500.

c. $1,000.

d. $16,000.

e. $100

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Financial Accounting: A company issued 150 shares of 100 par value common stock
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