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A company issues $20 million in new stock. The company later uses this money to acquire a building. What is the effect of these two
A company issues $20 million in new stock. The company later uses this money to acquire a building. What is the effect of these two transactions on the company's accounts?
Multiple Choice
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Cash decreases, Buildings increases, and Common Stock decreases.
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Buildings increases and Common Stock increases.
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Buildings increases and Common Stock decreases.
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Cash increases, Buildings increases, and Common Stock increases.
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