On september 1, 2017, hyde corp., a newly formed company, had the following stock issued and outstanding: • common stock, no par, $1 stated value, 5,000 shares originally issued at $15 per share.• preferred stock, $10 par value, 1,500 shares originally issued for $25 per share. hyde's september 1, 2017 statement of stockholders' equity should reporthow much is -common stock - preferred stock -additional paid-in capital

Common Stock                                  5,000

Additional paid-in Common stock  70,000

Preferred Stock                                15,000

Additional paid-in Preferred stock 22,500

Explanation:

For the common and preferred stock accounts, we multiply the shares outstanding by the face value.

The additional paid-in will be the difference between the par value and the market price of the share at issuance.

Common stock

5,000 issued shares x $ 1 par value = 5,000

Additional paid-in

15 - 1 = 14 additional paid-in per share

5,000 shares x 14 = 70,000

Preferred stock

1,500 issued shares x $ 10 par value = 15,000

Additional paid-on

25 - 10 = 15 additional per share

1,500 x 15 = 22,500

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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