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Ogilvie Corp. issued 29,000 shares of no-par stock for $30 per share. Ogilvie was authorized to issue 52,000 shares. What effect will this event have
Ogilvie Corp. issued 29,000 shares of no-par stock for $30 per share. Ogilvie was authorized to issue 52,000 shares. What effect will this event have on the elements of the company's financial statements? Multiple Choice O Increase assets and increase stockholders' equity by $1,560,000 O Increase assets and increase stockholders' equity by $870,000 O Increase cash inflows from investing activities by $870,000 O None of these answer choices are correct. O
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