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Q46. Johnson, Inc. issued $15,000 in capital stock in exchange for cash. What is the effect of this transaction? a. Total assets remain unchanged. b.

Q46. Johnson, Inc. issued $15,000 in capital stock in exchange for cash. What is the effect of this transaction? a. Total assets remain unchanged. b. Cash flow from Financing Activities will increase. c. Net Income will increase. d. Total Retained Earnings will increase.

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