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Assume common stock is issued to employees as a result of exercising stock warrants issued under a noncompensatory stock option plan. Which of the following accurately describes the effect on the company's income, paid-in capital, and retained earnings, respectively?

a) decreased, increased, and decreased

b) no effect, increased, and increased

c) decreased, increased, and no effect

d) no effect, increased, and no effect

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M959250

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