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Alpha Company issued 5,700 shares of $10 par value common stock to stockholders, in exchange for $79,800 cash. Which of the following correctly describes the
Alpha Company issued 5,700 shares of $10 par value common stock to stockholders, in exchange for $79,800 cash. Which of the following correctly describes the impact of this transaction on Alpha's financial statements? Multiple Choice Additional paid-in capital of $22,800 is reported in stockholders' equity A $79,800 Investment is reported as a long-term investment Common stock is reported at $79,800 in stockholders' equity Stockholders have invested $136,800 as stockholders' equity
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