On January 1, Year 1, Graham Corporation issued 390 shares of no-par common stock for...

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Accounting

On January 1, Year 1, Graham Corporation issued 390 shares of no-par common stock for $135 per share. Which of the following shows how the stock issue will affect Grahams financial statements on January 1, Year 1?
Multiple Choice
Balance Sheet Income Statement Statement of Cash Flows
Assets = Common Stock + Paid-in Capital in Excess of Par Value Revenues Expenses = Net Income
$52,650 $52,650 NA NA NA NA $52,650 Investing
Balance Sheet Income Statement Statement of Cash Flows
Assets = Common Stock + Paid-in Capital in Excess of Par Value Revenues Expenses = Net Income
$52,650 $52,650 NA NA NA NA $52,650 Financing
Balance Sheet Income Statement Statement of Cash Flows
Assets = Common Stock + Paid-in Capital in Excess of Par Value Revenues Expenses = Net Income
$52,650 $52,650 NA $52,650 NA NA $52,650 Operating
Balance Sheet Income Statement Statement of Cash Flows
Assets = Common Stock + Paid-in Capital in Excess of Par Value Revenues Expenses = Net Income
$52,650 $1,950 $50,700 NA NA NA $52,650 Financing

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