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Business, 14.12.2019 02:31 richardharding
Dae parts shop began business on january 1, 2019. the corporate charter authorized issuance of 20,000 shares of $5 par value common stock and 5,000 shares of $10 par value, 5% cumulative preferred stock. dae issued 12,000 shares of common stock at $25 per share on january 2, 2019. what effect does the entry to record the issuance of stock have on total stockholders' equity?
a. increase of $120,000
b. increase of $150,000
c. increase of $300,000
d. increase of $340,000
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Dae parts shop began business on january 1, 2019. the corporate charter authorized issuance of 20,00...
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