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Business, 12.12.2019 06:31 josie126

Abilene western shop began business on january 1, 2015. the corporate charter authorized issuance of 10,000 shares of $2 par value common stock and 4,000 shares of $8 par value, 6% cumulative preferred stock. abilene issued 2,400 shares of common stock for cash at $20 per share on january 2, 2015. what effect does the entry to record the issuance of stock have on total stockholders' equity? a. increase of $4,800b. decrease of $4,800c. increase of $48,000d. decrease of $48,000

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Abilene western shop began business on january 1, 2015. the corporate charter authorized issuance of...
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