A Transaction Has Been Recorded in the T-Accounts of Simpson

question 13

Multiple Choice

A transaction has been recorded in the T-accounts of Simpson Company as follows:


Which of the following could be an explanation for this transaction?

• A)The company borrowed $850.
• B)The company loaned $850 to another company.
• C)The company repaid a $850 debt.
• D)Simpson acquired $850 cash from the issue of common stock.

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Definitions:

Biotechnology

The development of techniques to genetically manipulate organisms.

Fusion Reaction

A nuclear reaction where two light atomic nuclei combine to form a heavier nucleus, releasing energy in the process.

Atomic Weapons

Weapons that derive their destructive force from nuclear reactions, either fission or a combination of fission and fusion.

Positron

A positron is a subatomic particle with the same mass as an electron but a positive electric charge.