Established subsidiary of stern corporation


Tear Company, a newly established subsidiary of Stern Corporation, recceived assets with an original cost of $260,000, and a book value of $140,000 from the parent in exchange for 7,000 shares of Tear's $8 par value common stock. Tear should record how much additional paid-in capital?

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Accounting Basics: Established subsidiary of stern corporation
Reference No:- TGS0554267

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