Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 2 - A Further Look at Financial Statements - Self-Test Questions: 7

Answer

The answer is letter "C"

Work Step by Step

The reason is the balance in retained earnings is not affected by the issuance of common stock.
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