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    Intermediate Accounting Study Set 9
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    Exam 2: Conceptual Framework for Financial Reporting
  5. Question
    Issuance of Common Stock for Cash Affects Which Basic Element
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Issuance of Common Stock for Cash Affects Which Basic Element

Question 69

Question 69

Multiple Choice

Issuance of common stock for cash affects which basic element of financial statements?


A) Revenues.
B) Losses.
C) Liabilities.
D) Equity.

Correct Answer:

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