Issuing Par Value Stock Video Lessons

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Problem: If the credit amount of an entry to record the sale of common stock for cash was not posted: a. Stockholders’ Equity would be understated b. Assets would be overstated c. Assets would be understated d. Stockholders’ Equity would be overstated

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Problem Details

If the credit amount of an entry to record the sale of common stock for cash was not posted:

a. Stockholders’ Equity would be understated

b. Assets would be overstated

c. Assets would be understated

d. Stockholders’ Equity would be overstated

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