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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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6 years ago
The sale of common stock above par was recorded by crediting Common Stock for the total amount. This error would cause:
A) the period end stockholders' equity to be overstated.
B) no effect on total stockholders' equity.
C) the period end stockholders' equity to be understated.
D) None of these is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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LaffioLaffio
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#1
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6 years ago
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