Computer Corporation Is Starting Its Computer Programming Business and Has

question 121

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
• ​
• C) increase in assets (Accounts Receivable)and decrease in liabilities (Accounts Payable)
• D) increase in assets (Cash)and increase in assets (Accounts Receivable)

---

Definitions:

Recommendation

A suggestion or proposal as to the best course of action, especially one put forth by an authority or knowledgeable entity.

Apology

An expression of remorse or regret for an error or offense, often accompanied by an explanation or a request for forgiveness.

Compliance

The act of adhering to laws, regulations, standards, or policies.

Inconvenience

A minor trouble or difficulty that causes disruption to someone's comfort, plans, or routine.