Bledsoe Company Received $15,000 Cash from the Issue of Stock

question 34

Multiple Choice

Bledsoe Company received $15,000 cash from the issue of stock on January 1, 2013. During 2013 Bledsoe earned $8,500 of revenue on account. The company collected $6,000 cash from accounts receivable and paid $5,400 cash for operating expenses. Based on this information alone, during 2013.

• A)Total assets increased by $24,100.
• B)Total assets increased by $600.
• C)Total assets increased by $18,100.
• D)Total assets did not change.

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Superclass

A class from which a subclass inherits features, including fields and methods.

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