Multiple Choice
A company issues $20 million in new stock.The company later uses this money to acquire a building.What is the effect of these two transactions on the company's accounts?
A) Buildings increases and Common Stock increases.
B) Buildings increases and Common Stock decreases.
C) Cash increases,Buildings increases,and Common Stock increases.
D) Cash decreases,Buildings increases,and Common Stock decreases.
Correct Answer:
Verified
Correct Answer:
Verified
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