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for problem 5-5 in regards of the Stock holder's Equity. I understand Preferred Stock to be $450,000 Common Stock to be $100,000. I don't understand

for problem 5-5 in regards of the Stock holder's Equity.

I understand Preferred Stock to be $450,000

Common Stock to be $100,000.

I don't understand the equation for Paid-in Capital in Excess of Par-Preferred Stock of $900,000

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