If a Company Issues Common Stock for $40,000 and Uses

question 189

Multiple Choice

If a company issues common stock for $40,000 and uses $30,000 of the cash to purchase a truck,

• A)assets will be increased by $10,000.
• B)equity will be reduced by $40,000.
• C)assets will be increased by $40,000.
• D)assets will be unchanged.

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Definitions:

Nonmaleficence

Nonmaleficence is an ethical principle in medicine that means to do no harm or inflict the least harm possible to reach a beneficial outcome.

Unconscious Patient

A person who is not awake and not aware of the environment due to various medical or psychological reasons.

Life Support

Medical equipment that maintains vital bodily functions during severe illness or injury, such as ventilators for breathing support.

Deontology

A branch of ethics that judges the morality of actions based on adherence to rules or duties.