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Vaughn Manufacturingissues33000shares of $50par value preferred stock for cash at $65per share. In the stockholders' equity section, the effects of the transaction above will be

Vaughn Manufacturingissues33000shares of $50par value preferred stock for cash at $65per share. In the stockholders' equity section, the

effects of the transaction above will be reported

entirely under the retained earnings section.

entirely within the capital stock section.

entirely within the additional paid-in capital section.

under both the capital stock and additional paid-in capital sections.

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