Use the Following to Answer Questions

question 84

Multiple Choice

Use the following to answer questions
The 12/31/2016 balance sheet of Despot Inc.included the following:

-In January 2016,Despot recorded a transaction with this journal entry:

The transaction was for the:

• A)Issue of 2 million shares of common stock at par value.
• B)Issue of common stock for $150 million in cash.
• C)Receipt of $20 per share for a new stock issue.
• D)All of these answer choices are correct.

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