AMB Company's Tabular Analysis at the Beginning of October Consisted

question 115

Multiple Choice

AMB Company's tabular analysis at the beginning of October consisted of the following balances: During October the company issued additional shares of stock for proceeds of $2000.After recording this transaction in the tabular analysis the company would report:

• A)Assets $12000 = Liabilities $3000 + Stockholders' Equity $9000
• B)Assets $9500 = Liabilities $3000 + Stockholders' Equity $6500
• C)Assets $10000 = Liabilities $3000 + Stockholders' Equity $9000
• D)Assets $8000 = Liabilities $3000 + Stockholders' Equity $5000

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Definitions:

Affect

The experience of feeling or emotion that is often a response to stimuli in the environment.

Sensorimotor Stage

The sensorimotor stage is the first of Piaget's stages of cognitive development, where infants explore the world through their senses and actions (birth to about 2 years).

Piaget

Jean Piaget, a Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development.

Development

The process of growth and change that a living organism undergoes over time, marked by biological, emotional, physical, and cognitive transformations.