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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Alley Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $56,000. In addition, Alley received cash for 2,000 shares of its $10 par preferred stock at par value and 9,000 shares of its no-par common stock at $45 per share. Without making journal entries, determine the total paid-in capitalcreated by these transactions.
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