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A company issues common stock for $50,000 cash and uses $40,000 of the cash to purchase a truck. Due to these two transactions, which of

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A company issues common stock for $50,000 cash and uses $40,000 of the cash to purchase a truck. Due to these two transactions, which of the following is true? Select all that apply. Select one or more: Total assets will be increased by $10,000 X Total assets will be increased by $40,000 Total assets will be increased by $50,000 Total stockholders' equity will be reduced by $10,000 Total stockholders' equity will be reduced by $40,000 X Total stockholders' equity will be reduced by $50,000

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