How much increase in paid-in capital - excess of par

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Question - Company A issues 8 million of its common shares, $0.5 par value per share, and 5 million of its preferred shares, $0.1 par value per share, for $37 million. The market price of common shares at the time of issuance is $4 per share. There is no established market for the preferred shares. How much increase in paid-in capital - excess of par, common and paid-in capital - excess of par, preferred would result from this issuance, respectively?

Reference no: EM133187762

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