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Tesla, like other public companies, issues stock from time to time. The accounting entry that most resembles how they handle things is as follows: a.
Tesla, like other public companies, issues stock from time to time. The accounting entry that most resembles how they handle things is as follows:
a. On the income statement; debit cash and credit the stock expense account
b. On the income statement; credit cash and on the balance sheet; debit fixed assets
c. On the balance sheet; debit cash and credit common stock
d. On the balance sheet; debit stock expense and credit retained earnings
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