Oriole Corporation has 100000 shares of $10 par common stock authorized. The following transactions took place during 2025, thefirst year of the corporation's existence:Sold 20700 shares of common stock for $14.50 per share.Issued 20400 shares of common stock in exchange for a patent valued at $306000.At the end of Oriole's first year, total paid-in capital was$300150.$606150.$306000.O $120700.

Total paid-in capital includes the value of common stock issued and the value of additional paid-in…

Answered: Oriole Corporation has 100000 shares of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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