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Accounting

XYZ Company deposited $15,000 in a bank account in return for issuing shares in the corporation. This transaction would affect which two financial statement elements?

a) Assets and stockholders' equity

b) Assets and liabilities

c) Liabilities and stockholders' equity

d) None of these choices

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M943568

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