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Acme Steel Inc issues 5,000 shares of $2 par value preferred stock for $5 cash per share. How much additional paid-in capital (APIC) will be

Acme Steel Inc issues 5,000 shares of $2 par value preferred stock for $5 cash per share. How much additional paid-in capital (APIC) will be recorded in the journal entry? * O $25,000 O $ 1000 O $ 5000 O $ 15,000

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