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ABC Company received cash from the issue of common stock. With respect to this event, indicate whether each of the following statements is true or
ABC Company received cash from the issue of common stock. With respect to this event, indicate whether
each of the following statements is true or false.
Total assets would increase.
Total equity would not change.
The operating activities section of the statement of cash flows would show a cash inflow.
This is an asset exchange transaction.
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