Amy Just Purchased $12,000 of Stock

question 4

Multiple Choice

Amy just purchased $12,000 of stock.She paid $9,000 in cash and borrowed the remaining $3,000 needed to pay for this purchase.If you constructed a balance sheet reflecting this transaction,the total assets would be:

• A)$3,000.
• B)$9,000.
• C)$12,000.
• D)$15,000.
• E)$21,000.

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Definitions:

Activities Control

Management processes that oversee, regulate, and guide operational activities within an organization to ensure they align with set objectives.

Just-In-Time (JIT) Scheduling

An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.

Materials

Physical substances or components used in the production of goods or in the execution of projects and services.

Workstation

A specific area or desk equipped with the necessary tools and technology for an individual to perform their job tasks.