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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

image
$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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