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Business, 19.11.2019 07:31 Daking23

If a company issues 2,500 shares of common stock at a market price of $48 per share, which of the following is the correct balance sheet effect? a. increase cash by $120,000 and increase contributed capital by $120,000 b. increase cash by $120,000 and increase earned capital by $120,000 c. increase stock revenues by $120,000 d. stock issuances are not reported on the balance sheet e. none of the above

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If a company issues 2,500 shares of common stock at a market price of $48 per share, which of the fo...
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