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Logan Corporation issues 30,000 shares of $50 par value preferred stock for cash at $60 per share. In the stockholders equity section, the effects of
Logan Corporation issues 30,000 shares of $50 par value preferred stock for cash at $60 per share. In the stockholders equity section, the effects of the transaction above will be reported a)entirely under the retained earnings section. b)under both the capital stock and additional paid-in capital sections. c)entirely within the capital stock section. d) entirely within the additional paid-in capital
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