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A company issued 1,000 shares of common stock for $10,000. What is the impact to the accounting equation? Increase in an asset in total and
A company issued 1,000 shares of common stock for $10,000. What is the impact to the accounting equation?
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Increase in an asset in total and a decrease in an asset
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Increase in an asset and a decrease in a liability
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Increase in an asset and a decrease in equity
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Increase in an asset and an increase in equity
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Decrease in an asset and a decrease in equity
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No impact to the accounting equation
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