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On April 1, 20x9, Hyde Corp., a newly formed company, had the following stock issued and outstanding: Ordinary shares, 1 par value, 20,000 shares originally
On April 1, 20x9, Hyde Corp., a newly formed company, had the following stock issued and outstanding:
- Ordinary shares, 1 par value, 20,000 shares originally issued for 30 per share.
- Preference shares, 10 par value, 6,000 shares originally issued for 50 per share.
Hyde's April 1, 20x9, statement of shareholders' equity should report? show the solution and explain.
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