Laurie Dexter Starts a Business Called Camden Cleaning

question 164

Multiple Choice

Laurie Dexter starts a business called Camden Cleaning.Dexter invests $10,000 cash in Camden in exchange for its common stock.How would Camden record this transaction?

• A)Cash increases by $10,000 and Cleaning Revenue increases by $10,000.
• B)Cash decreases by $10,000 and Cleaning Revenue increases by $10,000.
• C)Cash increases by $10,000 and Common Stock increases by $10,000.
• D)Cash increases by $10,000 and Common Stock decreases by $10,000.
• E)Cash decreases by $10,000 and Cleaning Expense increases by $10,000.

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Definitions:

Brief Assessment

A quick evaluation or appraisal of a condition or situation, often used to identify needs or problems.

Hospital Setting

An environment within a healthcare facility where medical care, treatment, and services are provided to patients.

Doppler Device

A medical device that uses the Doppler effect to produce images or sounds of the movement of fluids within the body, commonly used for examining blood flow.

Palpate Pulses

The act of feeling the heartbeat at various points on the body to assess the heart rate and rhythm.