Effects of the transaction on the balance sheet equation


Cement-R-Us, a firm specializing in building materials, engaged in the following transaction during 2009: issued 2,000 shares of common stock for $7,500 million in cash. Indicate the effects of the transaction on the balance sheet equation. Cement-R-Us applies U.S. GAAP financial reporting standards, and reports its results in millions of dollars.

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Accounting Basics: Effects of the transaction on the balance sheet equation
Reference No:- TGS080578

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