Business, 25.08.2020 19:01 litjay98

Garrison Company acquired $23,000 by issuing common stock. Which of the following choices accurately reflects how this event affects the company's financial statements? Assets = Liab. + Equity Rev. − Exp. = Net Inc. Cash Flow
A. 23,000 = NA + 23,000 NA − NA = NA 23,000 FA
B. 23,000 = NA + 23,000 23,000 − NA = 23,000 23,000 FA
C. 23,000 = 23,000 + NA 23,000 − NA = NA 23,000 FA
D. 23,000 = 23,000 + NA 23,000 − NA = 23,000 23,000 OA

a. Option A
b. Option B
c. Option C
d. Option D

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Garrison Company acquired $23,000 by issuing common stock. Which of the following choices accurately...

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