When the corporation was formed on september 1 2014 common shares were sold to uncle bob for 9200 cash how do these affect the accounting equation and what specifically?

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1061170

2026-06-02 12:10

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I think you mean accounting equity?

The $9,200 would be split in equity between "capital stock" (the par value of the stock) and in "additional paid in capital" (the amount the stock was purchased for less the par value).

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