Question
beta corp recorded the issuance of common stock for 90,000, the payment of 28,000 on accounts payable and the accrual of advertising expense of 40,000.
beta corp recorded the issuance of common stock for 90,000, the payment of 28,000 on accounts payable and the accrual of advertising expense of 40,000. What is the net effect of these entries on stockholders equity?
a. decrease of 12,000
b. increase of 90,000
c. increase of 22,000
d. increase of 50,000
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Introduction To Actuarial Science
Authors: John James Hardy
1st Edition
1332733697, 978-1332733699
