Maurice Corporation Invested $100,000 to Acquire 20,000 Shares of Delta

question 68

Multiple Choice

Maurice Corporation invested $100,000 to acquire 20,000 shares of Delta Technologies,Inc.on March 1,2017.Delta pays a cash dividend of $0.25 per share on July 2,2018.The investment is classified as available-for-sale.Based on these two transactions,which of the following is true of the accounting equation as of July 2,2018?

• A)Total assets in the balance sheet will remain unchanged.
• B)Current assets in the balance sheet will remain unchanged.
• C)Equity in the balance sheet will increase.
• D)Total liabilities in the balance sheet will increase.

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Definitions:

Sexual Differentiation

The process by which the sexual organs and secondary sex characteristics develop differently in males and females, influenced by genetic and hormonal factors.

Trimester

One of the three roughly equal periods into which a pregnancy is divided, each lasting about three months.

Brain Structures

The various parts of the brain, each responsible for different functions, such as the cerebrum for thought and action, the cerebellum for movement, and the limbic system for emotions.

Lateral Hypothalamus

An area of the brain thought to control hunger and thirst; destruction of this area can cause an animal to refuse food and water.