What the additional paid-in capital amounted to, Accounting Basics

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What the additional paid-in capital amounted to

Berry Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2010, the first year of the corporation's existence:
Sold 5,000 shares of common stock for $18 per share.
Issued 5,000 shares of common stock in exchange for a patent valued at $100,000.

At the end of the Berry's first year, what the additional paid-in capital amounted to ?

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Accounting Basics: What the additional paid-in capital amounted to

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Accounting Basics: What the additional paid-in capital amounted to

Reference No:- TGS085068

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Recent Questions Asked Accounting Basics

Q : What is tex''s ordinary income for 2009

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Q : Recommend a date format for the new system

Q : Formation of a phosphodiester bond joining two nucleotides

Q : What the additional paid-in capital amounted to

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What the additional paid-in capital amounted to

Reference No:- TGS085068

Recent Questions Asked Accounting Basics

Q : What is tex''s ordinary income for 2009

Q : What about from the seller-s perspective

Q : Recommend a date format for the new system

Q : Formation of a phosphodiester bond joining two nucleotides

Q : What the additional paid-in capital amounted to

Q : Explain how a niche player chips away at a larger competitor

Q : Security interest in the stereo systems

Q : Unamortized bond premium at the date of conversion problem

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