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Asempaneye company was authorized to issue 100,000 shares of GHC 1 par value common stock.40,000 shares were issued to opanyi Manu, the company's founder, at

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Asempaneye company was authorized to issue 100,000 shares of GHC 1 par value common stock.40,000 shares were issued to opanyi Manu, the company's founder, at a price of GHC 5 per share. No other shares have yet been issued. Which of the following statements is true? A. Opanyi Manu owns 40% of the stockholder's equity of the corporation B. The corporation should recognize a GHC 160,000 gain on the issuance of these shares. C. If the statement of financial position includes retained earnings of GHC 50,000 total paid in capital amounts to GHC 250,000 D. In the statement of financial position, the additional paid in capital account will have a GHC 160,000 balance regardless of the profits. earned or losses incurred since the company was organized

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