AMB Company's tabular analysis at the beginning of October consisted of the following balances:
During October the company issued additional shares of stock for proceeds of $2000.After recording this transaction in the tabular analysis the company would report:
A) Assets $12000 = Liabilities $3000 + Stockholders' Equity $9000
B) Assets $9500 = Liabilities $3000 + Stockholders' Equity $6500
C) Assets $10000 = Liabilities $3000 + Stockholders' Equity $9000
D) Assets $8000 = Liabilities $3000 + Stockholders' Equity $5000
Correct Answer:
Verified
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