Solved: Total paid-in capital amounted, Finance Basics

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Total paid-in capital amounted

Problem: Sharp Corporation has 150,000 shares of $10 par common stock authorized. The following transactions took place during 2013, the first year of the corporation's existence:

Sold 15,000 shares of common stock for $15 per share
Issued 10,000 shares of common stock in exchange for legal services valued at $160,000

At the end of Sharp's first year, total paid-in capital amounted to:

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Finance Basics: Total paid-in capital amounted

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Finance Basics: Total paid-in capital amounted

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