Business, 06.05.2020 00:15 kevin1015wangoudf1t

Newly formed S&J Iron Corporation has 50,000 shares of $10 par common stock authorized. On March 1, Year 1, S&J Iron issued 6,000 shares of the stock for $16 per share. On May 2, the company issued an additional 10,000 shares for $18 per share. S&J Iron was not affected by other events during Year 1What is the total amount of capital contributed by the owners?

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Newly formed S&J Iron Corporation has 50,000 shares of $10 par common stock authorized. On March...

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