Multiple Choice
Eagle Eye, Inc., a corporation, received an additional investment of $6,000 cash in exchange for shares of common stock.How does this transaction affect Eagle Eye's accounts?
A) Increase in stock expense and decrease cash by $6,000 each
B) Increase common stock and increase cash by $6,000 each
C) Increase common stock and increase revenue by $6,000 each
D) Increase common stock and decrease retained earnings by $6,000 each
Correct Answer:
Verified
Correct Answer:
Verified
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