Which of the Following Reflects the Impact of a Transaction

question 23

Multiple Choice

Which of the following reflects the impact of a transaction where $200,000 cash was invested by stockholders in exchange for stock?

• A)Assets and retained earnings each increased $200,000.
• B)Assets and revenues each increased $200,000.
• C)Stockholders' equity and revenues each increased $200,000.
• D)Stockholders' equity and assets each increased $200,000.