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Logan Corporation issues 40,000 shares of $50 par value preferred stock for cash at S60 per share. In the stockholders' equity section, the effects of

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Logan Corporation issues 40,000 shares of $50 par value preferred stock for cash at S60 per share. In the stockholders' equity section, the effects of the transaction above will be reported under both the capital stock and additional paid-in capital sections. entirely within the capital stock section. entirely within the additional paid-in capital section. entirely under the retained earnings

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