Business, 02.03.2020 16:29 lauraabosi

The W. J. Clinton Company issued 750 shares of $1 stated value common stock in exchange for land from the Whitewater Investment Company. The Whitewater Investment Company carried the land on its books at $45,000. The land was recently appraised at $70,000. The W. J. Clinton Company's common stock has a current market price of $100/share. When recording this transaction, how much should the W. J. Clinton Company record as additional paid in capital?

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The W. J. Clinton Company issued 750 shares of $1 stated value common stock in exchange for land fro...

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