Problem

During the current year, the following credit entries were posted to the paid-in capital a...

During the current year, the following credit entries were posted to the paid-in capital accounts of Crawford Shipyards:

Capital Stock

$12,000,000

Additional Paid-in Capital

43,500,000

Explain the type of cash transaction that probably caused these credit changes, and illustrate the presentation of this transaction in a statement of cash flows.

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