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Business, 27.12.2019 06:31 TerronRice

Fox co. issued 1,000 shares of its $15 par common stock to owl co. in exchange for equipment with an original cost of $300,000 and accumulated depreciation of $125,000. on the date of issuance, the stock was trading on a public exchange at $160 per share. by what amount should fox's additional paid-in capital account increase as a result of this transaction?

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