Question on january 2 2003 the dent corporation issued, Ask an Expert

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Question: On january 2, 2003, the dent corporation issued 10,000 shares of $10 stated value common stock for $12 per share. Which of the following statement is true?

A) The cash account will increase by $100,000

B) The stock payable account will increase by $120,000

C) The common stock account will increase by $120,000

D) The Pain-in Excess account will increase by $20,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92573544

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