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:

Ultraviolet Radiation

A form of electromagnetic radiation with a wavelength shorter than that of visible light but longer than X-rays, capable of producing sunburn.

Tides

The regular rise and fall of sea levels caused by the gravitational forces exerted by the Moon and the Sun on the Earth's oceans.

Exposed Rock

Areas where bedrock, or the solid rock underlying loose deposits such as soil, is visible on the surface without any vegetation or soil covering it.

Complete Rock Cycle

The series of processes by which rocks are formed, broken down, and transformed into other rock types over time, involving the Earth's crust and upper mantle.