A corporation was organized in January year 1 with authorized capital of $10 par value common stock. On February 1, year 1, shares were issued at par for cash. On March 1, year 1, the corporation's attorney accepted 5,000 shares of the common stock in settlement for legal services with a fair value of $60,000. Additional paid‐in capital would increase on .

Additional paid‐in capital would increase by $10,000.

Explanation:

A corporation was organized in January year 1 with authorized capital of $10 par value common stock.

On February 1, year 1, shares were issued at par for cash.

On March 1, year 1, the corporation's attorney accepted 5,000 shares of the common stock in settlement for legal services with a fair value of $60,000.

Additional paid‐in capital would increase by $10,000.

Normally 5000 shares issued at par would cost (5,000 x $10) = $50,000

The difference between Par value of shares issued and the sum paid for the shares  = Additional Paid in capital which is $60,000 - $50,000 = $10,000

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;

to solve for marcus's new balance, we need to know what his starting balance was. once we find the startin balance, the amount of $625.84 will be added to the amount he currently has in his account to get the new balance.