Computer Corporation Is Starting Its Computer Programming Business and Has

question 212

Multiple Choice

Computer Corporation is starting its computer programming business and has sold stock of $15,000. Identify how the accounting equation will be affected.

• A) increase in assets (Cash) and increase in liabilities (Accounts Payable)
• B) increase in assets (Cash) and increase in stockholders' equity (Common Stock)
• C) increase in assets (Accounts Receivable) and decrease in liabilities (Accounts Payable)
• D) increase in assets (Cash) and increase in assets (Accounts Receivable)

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Definitions:

Huge Appetite

An unusually large desire to consume food, which can be driven by physiological, psychological, or emotional factors.

Gain Weight

The process of increasing body mass through accumulation of fat, muscle, or other substances.

Set Point

A theoretical value in biology and psychology that the body or mind aims to maintain through various regulatory mechanisms.

Body Mass Index

A numerical computation that evaluates an individual's body weight in relation to their height, used to assess if their weight is in a healthy range.