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pls only answer if you can cover all the following points, thank you :D A company sells 1 million shares of common stock with no
pls only answer if you can cover all the following points, thank you :D
A company sells 1 million shares of common stock with no par value for $16.00 a share. In recording the transaction, it would debit: Multiple Cholce Cash and credit Common Stock for $16.00 million. Cash and credit Additional Paid-in Capital for $16.00 million. Common Stock and credit Cash for $16.00 million. Common Stock and credit Additional Paid-in Capital for $16.00 million. A corporate charter specifies that the company may sell up to 27 million shares of stock. The company issues 19 million shares to investors and later repurchases 6.5 million shares. The number of issued shares after these transactions have been accounted for is: Multiple Choice 21 million shares. 19 million shares. 13 million shares. 14 million shares. Using the indirect method, which of the following would not be added to net income? Multiple Choice A decrease in Supplies. A decrease in Prepaid Insurance. An increase in Equipment. An increase in Salaries and Wages PayableStep by Step Solution
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