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McDonagal Inc ?2,200,000?2,200,000 This Transaction Will Increase
A) Cash and Increase Retianed

Question 140

Multiple Choice

McDonagal Inc. Sold ordinary shares for ?2,200,000?2,200,000 . This transaction will increase


A) Cash and increase Retianed earning by ?2,200,000?2,200,000 .
B) Cash and increase Share Capital by ?2,200,000? 2,200,000 .
C) Revenue and increase Share Capital by ?2,200,000? 2,200,000 .
D) Revenue and increase Cash by ?2,200,000? 2,200,000 .

Correct Answer:

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