微信扫一扫
实时资讯全掌握
The condensed balance sheet of Adams & Gray, a partnership, at December 31, Year 1, follows:
On December 31, Year 1, the fair values of the assets and liabilities were appraised at $240,000 and $20,000, respectively, by an independent appraiser. On January 2, Year 2, the partnership was incorporated and 1,000 shares of $5 par value common stock were issued. Immediately after the incorporation, what amount should the new corporation report as additional paid-in capital?
|