Which One of the Following Changes Describes the Receipt of $3,000

question 93

Multiple Choice

Which one of the following changes describes the receipt of $3,000 from the issuance of common stock?

• A)Assets and shareholders' equity increase by $3,000.
• B)Assets and shareholders' equity decrease by $3,000.
• C)Assets and liabilities increase by $3,000.
• D)Assets increase and shareholders' equity decreases by $3,000.

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Definitions:

Positive

Positive refers to the presence of certain traits, aspects, or outcomes that are beneficial or desirable, as opposed to negative aspects which are harmful or undesirable.

Symptoms

Observable signs or indicators of a disease, disorder, or the existence of an underlying condition.

Schizophrenia

A complex mental health disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.

Delusions

False beliefs held with strong conviction despite superior evidence to the contrary.