Eagle Eye, Inc

question 36

Multiple Choice

Eagle Eye, Inc., a corporation, received an additional investment of $6,000 cash in exchange for shares of common stock.How does this transaction affect Eagle Eye's accounts?

• A) Increase in stock expense and decrease cash by $6,000 each
• B) Increase common stock and increase cash by $6,000 each
• C) Increase common stock and increase revenue by $6,000 each
• D) Increase common stock and decrease retained earnings by $6,000 each

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