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Please describe the effect of the attached events. Total Paid-In Capital 1 Issued 5,000 shares of common stock for cash at a price higher than
Please describe the effect of the attached events.
Total Paid-In Capital 1 Issued 5,000 shares of common stock for cash at a price higher than par value. 2 Split common stock 2 for 1. 3 Purchased 1,000 shares of own common stock for treasury. 4 Issued 500 shares of preferred stock in exchange for new equipment. Sold 400 shares of treasury common stock 5 at a price higher than the shares' reacquisition cost. Issued 800 shares of common stock for 6 land whose fair value equaled the par value of the shares issued. Retained Earnings Total Stockholders' EquityStep by Step Solution
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