A corporation was organized in January with authorized capital of $10 par value ommon stock....
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Accounting
A corporation was organized in January with authorized capital of $10 par value ommon stock. On February 1, shares were issued at par for cash. On March 1, the corporation's attorney accepted 7,000 shares of common stock in settlement for legal services with a fair value of $90,000. Additional paid-in capital would increase on:
Group of answer choices
February 1 only
Both February 1 AND March 1
Neither February 1 nor March 1
March 1 only
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