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Question 24 ABC Company was formed when it acquired $50,000 cash from issuing common stock. How did the Cash account of ABC Company change as

Question 24 ABC Company was formed when it acquired $50,000 cash from issuing common stock. How did the Cash account of ABC Company change as a result of this transaction? O Increase $50,000 This transaction did not affect the Cash account. O Decrease $50,000 3
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ABC Company was formed when it acquired $50,000 cash from issuing common stock. How did the Cash account of ABC Company change as a result of this transaction? increase 550,000 This transection did not atfect the Cash account. Decrease 550.000

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