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Western Wear Clothing issues 3,000 shares of its $0.01 par value common stock to provide funds for further expansion. Assume the issue price is $11
Western Wear Clothing issues 3,000 shares of its $0.01 par value common stock to provide funds for further expansion. Assume the issue price is $11 per share.
Determine the financial statement effects of the issuance of common stock
Revenues
Income Statement
Expenses
Net Income
Assets
Balance Sheet
Liabilities
Stockholders' Equity
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