Question
The company issues new shares for which the shareholders pay cash.What is the impact of this transaction on net income and cash of the current
The company issues new shares for which the shareholders pay cash.What is the impact of this transaction on net income and cash of the current year? (you need to choose 2 answers1 for net income and 1 for cash)
Net income increases Net income decreases Net income does not change Cash increases Cash decreases Cash does not change
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
