Total Assets, Liabilities, and Shareholders' Equity Are $5,000, $1,500, and $3,500

question 85

Essay

Total assets, liabilities, and shareholders' equity are $5,000, $1,500, and $3,500 before common stock is issued for $500 cash. What are the new amounts of assets, liabilities, and shareholders' equity after this event?

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Definitions:

Conditioned Stimulus

An initially neutral stimulus that, upon association with an unconditioned stimulus, elicits a conditioned response.

Unconditioned Stimulus

A trigger that inherently and effortlessly evokes a reaction without the need for previous learning.

Skinner Box

An experimental apparatus designed by B.F. Skinner for studying behavioral conditioning in animals, typically using rewards and punishments.

Aversive Event

An unpleasant or noxious stimulus that an organism seeks to avoid or escape.