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

$75,000

$15,000

$22,500

$5,000

$37,500

$70,000

$5,000

$15,000

$92,500

$75,000

$37,000

$0