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QUESTION 6 Not yet answered Marked u of 3 00estion If a company issues 1,000 shares of s4 par value common stock at a market

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QUESTION 6 Not yet answered Marked u of 3 00estion If a company issues 1,000 shares of s4 par value common stock at a market price of $120 per share, which of the following is the correct balance sheet entry? Select one A. Increase cash by $120,000 and increase contributed capital by s120,000 B. Increase common stock and cash by $4,000 C. Increase cash by $120,000 and increase earned capital by $120,000 D. Increase revenues by $120,000 Next page a Answers Previous page

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