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Tamarisk, Inc. issues 34000 shares of $50 par value preferred stock for cash at $65 per share. In the stockholders' equity section, the effects
Tamarisk, Inc. issues 34000 shares of $50 par value preferred stock for cash at $65 per share. In the stockholders' equity section, the effects of the transaction above will be reported entirely within the additional paid-in capital section. O entirely within the capital stock section. entirely under the retained earnings section. O under both the capital stock and additional paid-in capital sections.
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