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Business, 09.12.2020 22:00 jacamron

On June 1, 2019, 4,000 shares of $10 par value common stock are issued in exchange for new equipment. The equipment has a fair market value of $116,000. In recording this transaction, what amount should be allocated to APIC - CS?

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On June 1, 2019, 4,000 shares of $10 par value common stock are issued in exchange for new equipment...
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