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Required information Part 2 of 2 Use the following information for Exercises 4 - 5 below. ( Algo ) [ The following information applies to
Required information
Part of
Use the following information for Exercises below. Algo
The following information applies to the questions displayed below.
Following are the issuances of stock transactions.
A corporation issued shares of $ par value common stock for $ cash.
A corporation issued shares of nopar common stock to its promoters in exchange for their efforts, estimated to be worth $ The stock has a $ per share stated value.
A corporation issued shares of nopar common stock to its promoters in exchange for their efforts, estimated to be worth $ The stock has no stated value.
A corporation issued shares of $ par value preferred stock for $ cash.
Exercise Algo Analyzing impact of stock issuance transactions LO P
Analyze each transaction from issuances of stock by showing its effect on the accounting equation specifically, identify the accounts and amounts including or for each transaction.
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