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The ABC Corporation issues 8,000 shares of $50 par value preferred stock for cash at $60 per share. In the stockholders' equity section, the effects

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The ABC Corporation issues 8,000 shares of $50 par value preferred stock for cash at $60 per share. In the stockholders' equity section, the effects of the transaction will be reported A) entirely within the capital stock section B) entirely under the retained earnings section C) under both the capital stock and the additional paid in capital sections D) entirely within the additional paid in capital

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