Question: Question Content AreaJohnson, Inc. issued $ 1 5 , 0 0 0 in common stock in exchange for cash. What is the effect of this

Question Content AreaJohnson, Inc. issued $15,000 in common stock in exchange for cash. What is the effect of this transaction?
a. Cash flow from Financing Activities will increase.
b. Total assets remain unchanged.
c. Net Income will increase.
d. Total Retained Earnings will increase.

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