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Need Help Solving: A company issued 240 shares of $100 par value common stock...

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Accounting

Need Help Solving:

A company issued 240 shares of $100 par value common stock for $28,600 cash. The total amount of paid-in capital in excess of par is:

Multiple Choice

A. $4,600.

B. $24,000.

C. $100.

D. $2,400.

E. $28,600.

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