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& Secure https/www.mathul.com/Student/PlayerTest.aspxPtestld 1801326798centerwin-yes ACC 2223-2nd Pd 81088 yer pace 3rans 2:16 PM i Test: Ch 13 Exam Spring 18 Time Limit: 02.00:00 Submit Test This Question: 5 pts This Test: 179 pts possible i of $53 000 In additson, Alexa recelved cash for 1,000 shares of ts 520 par preferned stock at par Alexa Corporation recently organized The company issued common stock to an inventor in ewchange for a patent with a market vake value and 9,500 shares of its no par common stock at $30 per share Without making journal entrilers, determine the total pad-in capital created by these transaction The total paid in capital created by these ransactions amounts to Enter any number in the edit fesds and then continue to the next quessor Type here to search

Explanation / Answer

Common stock Purchase of patents 53000 issue of common stock 285000 (9500*30) Total common stock capital 338000 Preferred stock capital 20000 (1000*20) Total paid in capital 358000

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