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36 Which one of the following describes the effect on the basic accounting equation when a company issues common shares in exchange for $5,000
36 Which one of the following describes the effect on the basic accounting equation when a company issues common shares in exchange for $5,000 cash? 00:58:25 Multiple Choice Assets $5,000+ Shareholders' Equity $5,000 - Assets $5.000,- Shareholders' Equity $5.000 Assets $5,000+ Liabilities $5,000 -Assets $5,000 Shareholders' Equity $5,000 < Prev 36 of 44 Next >
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Financial Accounting
Authors: David Spiceland, Wayne Thomas, Don Herrmann
4th edition
1259307956, 978-1259307959
