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Discuss common stock to an inventor in exchange for a patent

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Alexa Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $55,000. In addition, Alexa received cash for 4,000 shares of its $15 par preferred stock at par value and 7,500 shares of its no-par common stock at $25 per share. Without making journal entries, determine the total paid-in capital created by these transactions.

The total paid-in capital by these transactions amounts

Reference no: EM131789037

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