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Business, 08.07.2020 01:01 F00Dislife

On January 1, Year 3, Boxwood, Inc. issues 1,000 shares of $1 par value common stock for $30 per share. Later that year, the company issues 1,000 shares of $10 par value preferred stock for $80 per share. The company’s balance sheet as of December 31, Year 3, will show total paid-in capital of: Why is total paid in capital 110,000 on the balance sheet and not 11,000?

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On January 1, Year 3, Boxwood, Inc. issues 1,000 shares of $1 par value common stock for $30 per sha...
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