CPA Question 01 On September 1, 2017, Hyde Corp., a newly formed company, had the...
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Accounting
CPA Question 01
On September 1, 2017, Hyde Corp., a newly formed company, had the following stock issued and outstanding: Common stock, no par, $1 stated value, 5,000 shares originally issued at $15 per share. Preferred stock, $10 par value, 1,500 shares originally issued for $25 per share. Hyde's September 1, 2017 statement of stockholders' equity should report
Common stock
Preferred stock
Additional Paid-in capital
$5,000
$37,500
$70,000
$75,000
$15,000
$22,500
$75,000
$37,000
$0
$5,000
$15,000
$92,500
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