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A company issued 150 shares of $100 par value common stock for $16,000 cash. The...

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Accounting

A company issued 150 shares of $100 par value common stock for $16,000 cash. The total amount of paid-in capital is:

a $15,000.

b $1,500.

c $1,000.

d $16,000.

e $100.

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