How can I report this transaction in the Income statement and balance sheet? Note: For...
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Accounting
How can I report this transaction in the Income statement and balance sheet?
Note: For Earnings per Share (EPS) calculations, use 10,000 shares of common stock as the weighted average number of shares outstanding.
Common stock ($1.00 par - 1,000,000 shares authorized, 10,000 shares issued and outstanding) 10,000 Paid-in Capital in Excess of Par-Common 10,000
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You can see the logs in the Dashboard.