Question
Asked Nov 24, 2019
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What is the statement of equity under paid-in capital?

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Expert Answer

Step 1

Meaning of Paid-in capital:

Paid-in capital represents the funds raised by the business through selling its equity and not from ongoing business operations. Paid-in capital also refers to a line item on the company’s balance sheet listed under stockholder’s equity, often shown alongside the line item for additional paid-in capital.

Step 2

Definition of Statement of Equity:

The statement of owner’s equity is a financial statement that reports ...

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