Question 22 If a company issues 2,500 shares of common stock at a market price of $50 per share, which of the following is the correct balance sheet effect? O A Increase cash by S125,000 and increase contributed capital by $125,000 B. Increase cash by $125,000 and increase earned capital by S125,000 C. Increase stock revenues by $125,000 O D. Stock issuances are not reported on the balance sheet OE. None of the above Ouestion 23 of 34 A Moving to another question will save this response. 2 points Question 23 Save A Corp. holds a 35% equity investment in C Inc. B Corp. holds 15% of C Inc. stock. company's balance sheet account: C Inc. investment? On May 1, 20X9, C Inc. declares and pays dividends to its stockholders. How will the dividend affect cach . No effect A Corp. No effect No effect A) ) Decrease No effect Decrease Decrease None of the above A Corp No effect Decrease D) E) B Corp. No effect B Corp A Corp OB. Decrease No effect B) B Corp C. No effect C) Decrease . A Corp Decrease Decrease D) OE None of the above Question 24 In times of falling prices, choosing LIFO over FIFO as an inventory cost method would affect the financial statements as follows: OA Cost of goods sold will be higher and ending inventory will be lower OB. Cost of goods sold will be lower and ending inventory will be lower OC. Cost of goods sold will be higher and ending inventory will be higher OD. Cost of goods sold will be lower and ending inventory will be higher OE None of the above