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16. The accounting equation does not have to be in balance after the recording of each transaction.. 1 answer below » 16. The accounting equation does not have to be in balance after the recording of each transaction. True False 17. Additional-paid in capital is reported on the balance sheet as a component of shareholders’ equity. True False 18. Common stock and additional-paid in capital are both reported on the balance sheet as a component of shareholders’ equity. True False 19. A company’s assets and stockholders’ equity both increase when the company sells additional shares of stock in exchange for cash. True False 20. Purchasing supplies for cash results in an increase in View complete question » 16. The accounting equation does not have to be in balance after the recording of each transaction. True False 17. Additional-paid in capital is reported on the balance sheet as a component of shareholders’ equity. True False 18. Common stock and additional-paid in capital are both reported on the balance sheet as a component of shareholders’ equity. True False 19. A company’s assets and stockholders’ equity both increase when the company sells additional shares of stock in exchange for cash. True False 20. Purchasing supplies for cash results in an increase in total assets for the purchasing company. True False View less » Sep 30 2015 05:11 PM
