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Business, 25.07.2020 18:01 KatieQ1

Landon Corporation issued 2,000 shares of $5 par value common stock and 400 shares of $40 par value preferred stock for a lump sum of $72,000 cash. What is the credit to Additional Paid- in- Capital-Common when the market value of the common shares is $30 each and market value of the preferred stock is $50 each? (Round to nearest dollar)

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Landon Corporation issued 2,000 shares of $5 par value common stock and 400 shares of $40 par value...
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