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Business, 15.04.2020 19:21 jasjas12

Aruba Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $ 57 comma 000. In addition, Aruba received cash for 6 comma 000 shares of its $ 10 par preferred stock at par value and 6 comma 500 shares of its no-par common stock at $ 20 per share. Without making journal entries, determine the total paid-in capital created by these transactions.

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