At the end of the berrys first year the additional paid-in, Ask an Expert

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Berry Corporation has 50,000 shares of $10 par common stock authorized. The following transactions took place during 2010, the first year of the corporation's existence:

Sold 5,000 shares of common stock for $18 per share.

Issued 5,000 shares of common stock in exchange for a patent valued at $100,000.

At the end of the Berry's first year, the additional paid-in capital amounted to ??

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M974298

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