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    Business
  3. Study Set
    Fundamentals of Financial Accounting
  4. Exam
    Exam 2: Reporting Investing and Financing Results on the Balance Sheet
  5. Question
    Company X Issues $40 Million in New Stock for Cash
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Company X Issues $40 Million in New Stock for Cash

Question 9

Question 9

True/False

Company X issues $40 million in new stock for cash.This does not affect stockholders' equity because as new shares are sold,the value of existing shares falls.

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