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Adventure Outfitters issues 2,600 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming the issue price is $12
Adventure Outfitters issues 2,600 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming the issue price is $12 per share, determine the financial statement effects of the issuance of common stock. Note: Amounts to be deducted should be indicated with a minus sign. If there are no effects for a particular transaction/event, select "There are no financial statement effects" in the first account field. Assets Liabilities Balance Sheet Stockholders' Equity Treasury Contributed Capital Retained Earnings Stock Income Statement Revenues Expenses Net Income
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