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Roberts Corporation has 150,000 shares of $10 par common stock authorized. The following transactions took place during 2013, the first year of the corporation's existence: Sold 20,000 shares of common stock for $14 per share Issued 20,000 shares of common stock in exchange for legal services valued at $300,000 At the end of Roberts' first year,what is total paid-in capital amounted to ?

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Category:- Accounting Basics
Reference No.:- M942553

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