Analyze effect of issuance of common stock on financial statements. (LO 1) Ice Video Corporation issued 5,000
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Analyze effect of issuance of common stock on financial statements. (LO 1) Ice Video Corporation issued 5,000 shares of \(\$ 0.01\) par value common stock for \(\$ 32.50\) per share. How much cash did Ice Corporation receive from the stock issue? How will the transaction be shown in the shareholders' equity section of the balance sheet?
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Kirti Kaushal
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