What Will Happen to Retained Earnings When a Corporation Issues

question 123

Multiple Choice

What will happen to retained earnings when a corporation issues 1,000 shares of $1 par stock for $10 per share?

• A) It will increase by $1,000.
• B) It will increase by $9,000.
• C) It will decrease by $9,000.
• D) It will remain unchanged.

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