Question
Flynn Company issued 4,000 shares of $10 par value common stock at a market price of $13. As a result of this accounting event, the
Flynn Company issued 4,000 shares of $10 par value common stock at a market price of $13. As a result of this accounting event, the affect on equity accounts would
increase by $12,000.
increase by $40,000.
increase by $52,000.
be unaffected by the event.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve
9th Edition
0324381921, 978-0324381924
