Multiple Choice
Assume common stock is issued to employees as a result of exercising stock warrants issued under a noncompensatory stock option plan.Which of the following accurately describes the effect on the company's income, paid-in capital, and retained earnings, respectively?
A) decreased, increased, and decreased
B) no effect, increased, and increased
C) decreased, increased, and no effect
D) no effect, increased, and no effect
Correct Answer:
Verified
Correct Answer:
Verified
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