Question
D Question 20 2 pts Lawson Company issues common stock for $40,000 and uses $10,000 of the cash to purchase office supplies. As a result,
D Question 20 2 pts Lawson Company issues common stock for $40,000 and uses $10,000 of the cash to purchase office supplies. As a result, Lawson Company's O assets increase by $40,000 O assets increase by $10,000. O assets remain unchanged. O stockholders' equity decreases by $40,000. Question 21 2 pts Amos Company does not discuss a large class action lawsuit in its notes to the financial statements As a result, Amos Company has O violated the principle of full disclosure O complied with the monetary unit assumption O complied with the principle of full disclo Violated the monetary unit
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