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    Financial Accounting Tools Study Set 5
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    Exam 11: Reporting and Analyzing Shareholders Equity
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    The Authorization of Common Shares
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The Authorization of Common Shares

Question 114

Question 114

Multiple Choice

The authorization of common shares


A) must be approved by Canada Revenue Agency.
B) does not require a journal entry.
C) increases shareholders' equity.
D) decreases shareholders' equity.

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