For each of the following situations, select the best letter answer to reflect the effect of the
Question:
(A) Increase Investment account.
(B) Decrease Investment account.
(C) Increase Liabilities.
(D) Increase Common stock.
(E) Decrease common stock.
(F) Increase Additional paid-in capital.
(G) Decrease Additional paid-in capital.
(H) Increase Retained earnings
(I) Decrease Retained earnings
Items (4) and (6) require two selections each.
________1. Direct costs
________2. Indirect costs.
________3. Stock issue costs.
________4. Contingent consideration
________5. Bargain purchase.
________6. In-process research and development acquired.
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