If a company issues 2,000 shares of common stock at a market price of $25 per...
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If a company issues 2,000 shares of common stock at a market price of $25 per share, which of the following is the correct balance sheet entry? a. Increase cash by $50,000 and increase the contributed capital section by $50,000 b. Increase cash by $50,000 and increase earned capital by $50,000 c. Decrease revenues by $20,000 d. Stock issuances are not reported on the balance sheet If a company issues 2,000 shares of common stock at a market price of $25 per share, which of the following is the correct balance sheet entry? a. Increase cash by $50,000 and increase the contributed capital section by $50,000 b. Increase cash by $50,000 and increase earned capital by $50,000 c. Decrease revenues by $20,000 d. Stock issuances are not reported on the balance sheet
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Answer a Increase cash by 50000 and increase the contributed capital section by 50000 Rationale ... View the full answer
Related Book For
Modeling the Dynamics of Life Calculus and Probability for Life Scientists
ISBN: 978-0840064189
3rd edition
Authors: Frederick R. Adler
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