Any Subsequent Sale of a Firm's Previously Issued Common Shares

question 104

Multiple Choice

Any subsequent sale of a firm's previously issued common shares from one investor to another (such as occurs on public stock exchanges) :

• A)increases the recorded amounts of shareholders' equity.
• B)decreases the recorded amounts of shareholders' equity.
• C)has as no effect on the recorded amounts of shareholders' equity.
• D)increases or decreases the recorded amounts of shareholders' equity depending on the facts and circumstances.
• E)None of these answer choices is correct.

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