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-Refer to Lakeshore Industries

Question 81

Multiple Choice

-Refer to Lakeshore Industries. What is the effect on the company's accounting equation of issuing 1,000 additional shares of common stock at $15 per share? A) Assets increase $10,000. B) Stockholders' equity increases $15,000. C) Stockholders' equity increases $10,000. D) Assets decrease $15,000.
-Refer to Lakeshore Industries. What is the effect on the company's accounting equation of issuing 1,000 additional shares of common stock at $15 per share?


A) Assets increase $10,000.
B) Stockholders' equity increases $15,000.
C) Stockholders' equity increases $10,000.
D) Assets decrease $15,000.

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