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Which of the following statements is true? a.Amounts received from issuing stock are revenues. b.Amounts received from issued stock are reported on the income statement. c.Amounts paid out as...

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Which of the following statements is true? a.Amounts received from issuing stock are revenues. b.Amounts received from issued stock are reported on the income statement. c.Amounts paid out as dividends are reported on the income statement. d.Amounts paid out as dividends are not expenses.
Answered Same Day Dec 24, 2021

Solution

David answered on Dec 24 2021
119 Votes
Which of the following statements is true? a. Amounts received from issuing stock are revenues.
B. amounts received from issued stock are reported on the income statement.
C. amounts paid out as dividends are reported on the income statement.
D Amounts paid out as dividends are not...
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