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Gordonson, Inc, issues stock to raise capital for a large project

Accounting

Gordonson, Inc, issues stock to raise capital for a large project. 400,000 shares of $1.00 par value stock are issued. The stock issues for $25 per share.

The effect on the accounting equation from issuing this stock is

a. Assets go up, Equity goes down.

b. Liabilities go up, Equity goes down.

c. Assets go down, Liabilities goes down.

d. Assets go down, Equity goes up.

e. None of the above.

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