Multiple Choice
Sue Shells,Inc.issues $400,000 in new stock.It later uses the cash received to purchase land.What accounts are affected by these two transactions?
A) Common Stock,Cash,and Land.
B) Common Stock,Cash,and Investments.
C) Cash,Common Stock,and Investments,and Land.
D) Common Stock,and Land.
Correct Answer:
Verified
Correct Answer:
Verified
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