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Pharoah Corporation issues 36000 shares of $50 par value preferred stock for cash at $75 per share. In the stockholders' equity section, the effects of
Pharoah Corporation issues 36000 shares of $50 par value preferred stock for cash at $75 per share. In the stockholders' equity section, the effects of the transaction above will be reported O entirely within the additional paid-in capital section. O entirely under the retained earnings section. O under both the capital stock and additional paid-in capital sections. O entirely within the capital stock
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