quinn464 quinn464

23-12-2022
Business

Answered

If a company issues 10,000 shares of $1 par value common stock at a market price of $50 per share, which of the following is the correct balance sheet entry? Select one: O a. Increase cash by $500,000 and increase earned capital by $500,000 O b. Increase revenues by $500,000 O c. Increase common stock and cash by $10,000 O d. Increase cash by $500,000 and increase contributed capital by $500,000

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