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True/False. For each of the following, circle T for True or F for False on...

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Accounting

True/False. For each of the following, circle T for True or F for False on the answer sheet.

1. Companies recognize a gain or loss when stockholders exercise convertible preferred stock.

2. The exercise of stock options increases assets and increases equity.

3. The transfer of restricted stock to unrestricted stock increases assets and increases equity.

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