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Blue Ivy Inc. has the following transactions for the month of March: Issued common stock $60,000 Purchased land by paying cash $100,000 Paid expenses $25,000 Earned cash fees $75,000 as a cumulative result of these transactions, the liquidity of Blue Ivy Inc. - a. decreases by $50,000 b. increases by $10,000 c. increases by $70,000 d. decreases by $25,000

Blue Ivy Inc. has the following transactions for the month of March: Issued common stock $60,000 Purchased land by paying cash $100,000 Paid expenses $25,000 Earned cash fees $75,000 as a cumulative result of these transactions, the liquidity of Blue Ivy Inc. - a. decreases by $50,000 b. increases by $10,000 c. increases by $70,000 d. decreases by $25,000

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 1EB: Provide journal entries to record each of the following transactions. For each, identify whether the...
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Blue Ivy Inc. has the following transactions for the month of March:

Issued common stock $60,000

Purchased land by paying cash $100,000

Paid expenses $25,000

Earned cash fees $75,000

as a cumulative result of these transactions, the liquidity of Blue Ivy Inc. -

a. decreases by $50,000

b. increases by $10,000

c. increases by $70,000

d. decreases by $25,000

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