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Tandem Company Acquired $23,000 by Issuing Common Stock D)

Question 142

Multiple Choice

Tandem Company acquired $23,000 by issuing common stock. Which of the following choices accurately reflects how this event affects the company's financial statements?  Tandem Company acquired $23,000 by issuing common stock. Which of the following choices accurately reflects how this event affects the company's financial statements?   A)    B)    C)   \begin{array} { | l | l | l | l | l | l | l | l | l | l | l | }  \hline 23,000 & = & 23,000 & + & \text { NA } & 23,000 & - & \text { NA } & = & \text { NA } & 23,000 \mathrm { FA } \\ \hline \end{array}  D)


A)
 Tandem Company acquired $23,000 by issuing common stock. Which of the following choices accurately reflects how this event affects the company's financial statements?   A)    B)    C)   \begin{array} { | l | l | l | l | l | l | l | l | l | l | l | }  \hline 23,000 & = & 23,000 & + & \text { NA } & 23,000 & - & \text { NA } & = & \text { NA } & 23,000 \mathrm { FA } \\ \hline \end{array}  D)
B)
 Tandem Company acquired $23,000 by issuing common stock. Which of the following choices accurately reflects how this event affects the company's financial statements?   A)    B)    C)   \begin{array} { | l | l | l | l | l | l | l | l | l | l | l | }  \hline 23,000 & = & 23,000 & + & \text { NA } & 23,000 & - & \text { NA } & = & \text { NA } & 23,000 \mathrm { FA } \\ \hline \end{array}  D)
C)
23,000=23,000+ NA 23,000 NA = NA 23,000FA\begin{array} { | l | l | l | l | l | l | l | l | l | l | l | } \hline 23,000 & = & 23,000 & + & \text { NA } & 23,000 & - & \text { NA } & = & \text { NA } & 23,000 \mathrm { FA } \\\hline\end{array}
D)
 Tandem Company acquired $23,000 by issuing common stock. Which of the following choices accurately reflects how this event affects the company's financial statements?   A)    B)    C)   \begin{array} { | l | l | l | l | l | l | l | l | l | l | l | }  \hline 23,000 & = & 23,000 & + & \text { NA } & 23,000 & - & \text { NA } & = & \text { NA } & 23,000 \mathrm { FA } \\ \hline \end{array}  D)

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