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juansoto227711
11.12.2019 •
Business
Anew company issues 2,000 shares of $5 par common stock in exchange for the services of a lawyer during its first month of business. the lawyer's normal fee is $15,000 for similar work. which of the following accounting equation effects would be recorded if the stock is not currently trading? a. an increase in common stock for $15,000 b. a decrease in common stock for $10,000 c. an increase in additional paid-in capital--common stock for $5,000 d. a decrease in additional paid-in capital--common stock for $5,000
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