After the Completion of All Steps in the Issue of Shares

question 51

Multiple Choice

After the completion of all steps in the issue of shares, the company's statement of financial position will show which of the following changes?

• A) Assets increased, liabilities increased
• B) Assets decreased, equity increased
• C) Assets decreased, liabilities decreased
• D) Assets increased; equity increased

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Definitions:

Continental Army

The revolutionary war army authorized by the Continental Congress in 1775, led by General George Washington, to fight against British rule during the American Revolution.

Declaration of Independence

A seminal document adopted on July 4, 1776, by the thirteen American colonies declaring their independence from British rule.

Treaty of Paris

The 1783 agreement that ended the Revolutionary War, recognizing American independence and granting significant land territories to the United States from Great Britain.