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Which of the Following Reflects the Impact of a Transaction

Question 23

Multiple Choice

Which of the following reflects the impact of a transaction where $200,000 cash was invested by stockholders in exchange for stock?


A) Assets and retained earnings each increased $200,000.
B) Assets and revenues each increased $200,000.
C) Stockholders' equity and revenues each increased $200,000.
D) Stockholders' equity and assets each increased $200,000.

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