common stock

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Oct 30, 2006, 10:30 AM

cocobug5

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Join Date: Oct 2006

Posts: 1

common stock

A corporation acquired a copyright by issuing 500 shares of $10 par common stock. At the time of the exchagne, the stock was selling for $70 per share. The copyright had a carrying value of $8000 to the author. what value should the purchasing corporation assign to the copyright?

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