A Company Receives $100,000 Cash from Investors in Exchange for Stock.Several

question 160

Multiple Choice

A company receives $100,000 cash from investors in exchange for stock.Several weeks later,the company buys a $250,000 machine using all of the cash from the stock issue and signing a promissory note for the remainder.The accounts involved in these two transactions are:

• A)Cash;Equipment;Noncurrent Investments;and Accounts Payable.
• B)Cash;Noncurrent Investments;Common Stock;and Notes Payable.
• C)Cash;Equipment;Common Stock;and Notes Payable.
• D)Equipment;Notes Payable;and Retained Earnings.

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Definitions:

Supermarket Chain

A network of large retail stores offering a wide variety of goods including groceries and household items.

Kruskal-Wallis Test

A non-parametric method for testing whether samples originate from the same distribution, used when the assumptions of the ANOVA are not met.

Wilcoxon Rank-sum Test

A nonparametric test used to assess whether two independent samples come from the same distribution, focusing on their median ranks.

Statistical Populations

The complete set of subjects or items that are of interest in a statistical study.