Consider the Following Transactions

question 59

Multiple Choice

Consider the following transactions:
(i) issued share capital for cash of $250 000
(ii) received $50 000 from accounts receivable
(iii) paid $30 000 to accounts payable
(iv) purchased new equipment for $160 000 on credit
Total assets increased by:

• A) $220 000.
• B) $230 000.
• C) $380 000.
• D) $430 000.

---

Definitions:

Planning Phase

An initial stage in various processes where objectives are defined, resources are allocated, and strategies are developed to achieve goals.

Evaluation Phase

The stage in a process or project where the performance, outcomes, or results are assessed against predefined objectives or criteria.

Forecasting

The practice of making predictions about future events or trends based on historical data and analysis.