Clifford Moore Is Starting His Computer Programming Business and Has

question 159

Multiple Choice

Clifford Moore is starting his computer programming business and has deposited in initial investment of $15,000 into the business cash account. Identify how the accounting equation will be affected.

• A) Increase Assets (Cash) and increase Liabilities (Accounts Payable)
• B) Increase Assets (Cash) and increase Owner's Equity (Clifford Moore, Capital)
• C) Increase Assets (Accounts Receivable) and decrease Liabilities (Accounts Payable)
• D) Increase Assets (Cash) and increase Assets (Accounts Receivable)

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Definitions:

Time Specific

Pertaining to a definite or particular time frame or deadline.

Product Sales Organization

An entity or division within a company that focuses on the planning, promotion, and sale of products.

Salespeople Develop Expertise

A process whereby sales professionals gain in-depth knowledge and skills in their domain to improve their sales performance.

Technical Characteristics

The specific technical features or specifications of a product that define its capability, performance, and suitability for its intended use.