Bledsoe Company Received $17,000 Cash from the Issue of Stock

question 116

Multiple Choice

Bledsoe Company received $17,000 cash from the issue of stock on January 1,2016.During 2016 Bledsoe earned $8,500 of revenue on account.The company collected $6,000 cash from accounts receivable and paid $5,400 cash for operating expenses.Based on this information alone,during 2016,

• A)Total assets increased by $20,100.
• B)Total assets increased by $600.
• C)Total assets increased by $26,100.
• D)Total assets did not change.

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Definitions:

Business Idea

An initial concept which someone intends to turn into a viable business opportunity, focusing on a product, service, or innovation to fulfill a market need.

Potential Customers

Individuals or organizations that are considered likely to purchase a company's products or services but have not yet done so.

Home Care Business

A company that provides medical, therapeutic, or personal care services to individuals in their own homes.

Feasibility Study

A preliminary study conducted to ascertain how plausible a proposed project or system is, factoring in economic, technical, legal, and scheduling considerations.