Which of the Following Happens as a Result of Selling

question 39

Multiple Choice

Which of the following happens as a result of selling $130 of merchandise to a customer for $200 cash in a state where the sales tax rate is 4%?

• A) The cash flow from operating activities increases by $208.
• B) Total assets increase by $78.
• C) stockholders' equity increases by $70.
• D) All of these answer choices are correct.