If Baldwin issued 1000 shares of common stock at last year\'s end price, the eff
ID: 2536687 • Letter: I
Question
If Baldwin issued 1000 shares of common stock at last year's end price, the effect on the balance sheet would be: Select: 1 Equity would increase by $45,090 Retained earnings would increase by $4,509 Retained earnings would increase by $45,090 Equity would decrease by $4,509 If Baldwin issued 1000 shares of common stock at last year's end price, the effect on the balance sheet would be: Select: 1 Equity would increase by $45,090 Retained earnings would increase by $4,509 Retained earnings would increase by $45,090 Equity would decrease by $4,509Explanation / Answer
Assuming the last year share price is $45.09, Equity would increase by $45,090 Option 1 is correct