If a Company Issues Stock for Cash, the Accounting Equation

question 93

Multiple Choice

If a company issues stock for cash, the accounting equation will show a(n)

• A) Increase in liabilities and decrease in owners' equity
• B) Decrease in liabilities and decrease in owners' equity
• C) Decrease in assets and increase in owners' equity
• D) Increase in assets and increase in owners' equity

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Definitions:

Ghana's Throne

Symbolic representation of the leadership or monarchy of Ghana, often associated with the historical significance of the Ashanti Empire and its influence in the region.

Malinke of Mali

An ethnic group predominantly found in Mali, known for their historical and cultural significance, including the founding of the ancient Mali Empire.

Twelfth Century

The period in history from the year 1100 to 1199, marking the High Middle Ages in Europe.

Kingdom of Ghana

An ancient West African empire, known for its wealth in gold and trade networks, existing from around the 6th to 13th centuries AD.