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Garrison Company Acquired $23,000 by Issuing Common Stock A) Option a
B) Option B
C) Option C
D)

Question 51

Multiple Choice

Garrison Company acquired $23,000 by issuing common stock.Which of the following accurately reflects how this event affects the company's accounting equation?
 Assets = Liabilities + Commnn  Stuck + Retained  Earnings  A 23,000= NA +23,000+ NA  B.  NA =23,000+(23,000) + NA  C  NA = NA +23,000+(23,000)  D. 23,000= NA + NA +23,000\begin{array} { | c | c | c | c | c | c | c | c | } \hline & \text { Assets } & = & \text { Liabilities } & + & \begin{array} { c } \text { Commnn } \\\text { Stuck }\end{array} & + & \begin{array} { c } \text { Retained } \\\text { Earnings }\end{array} \\\hline \text { A } & 23,000 & = & \text { NA } & + & 23,000 & + & \text { NA } \\\hline \text { B. } & \text { NA } & = & 23,000 & + & ( 23,000 ) & + & \text { NA } \\\hline \text { C } & \text { NA } & = & \text { NA } & + & 23,000 & + & ( 23,000 ) \\\hline \text { D. } & 23,000 & = & \text { NA } & + & \text { NA } & + & 23,000 \\\hline\end{array}


A) Option A
B) Option B
C) Option C
D) Option D

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