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Question 1 (1 point) The Matisse Co. issued 1,000 shares of $1 par value stock for $10 per share. How much will contributed capital increase
Question 1 (1 point) The Matisse Co. issued 1,000 shares of $1 par value stock for $10 per share. How much will contributed capital increase on the stock issuance? a) $9,000 Ob) $10,000 c) $1,000 d) None of the above. Question 2 (1 point) Which of the following is not correct regarding a corporation: 3 Question 3 (1 point) On the date of payment of a cash dividend, liabilities will increase and assets will decrease. 6 a) True. 9 b) False. Question 4 (1 point) Treasury stock never results in a gain or loss. a) True b) False
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