Carl and Stefanie each invest $15,000 in a business and are given shares of stock in Thibeau Industries as evidence of their ownership interests. For this transaction, identify the effect on the accounting equation.
a. Liabilities increase and stockholders' equity decreases.
b. Assets increase and liabilities increase.
c. Assets increase and stockholders' equity increases.
d. Liabilities decrease and assets decrease.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Carl and Stefanie each invest $15,000 in a business and are given shares of stock in Thibeau Industries as evidence of their ownership ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On December 31, the balance in the office supplies account is $1,385. A physical count shows $435 worth of supplies on hand. Prepare the adjusting entry for supplies.
Answers (1)
what would happen in the market for loanable funds if the government were to increase the tax on interest income the demand for loanable funds would shift right the supply of loanable funds would shift right the supply of loanable funds would shift
Answers (2)
A firm commitment arrangement with an investment banker occurs when the: issue is solidly accepted in the market as evidenced by a large price increase.
Answers (1)
Borden Inc. offers pasta snacks grocery and dairy items as well as films adhesives another nonfood products these products are referred to as Borden's
Answers (1)
A regional supermarket chain runs print, radio, and television advertisements announcing that 1 percent of its sales is donated to local after-school programs for underprivileged youth. This is an example of
Answers (1)
New Questions in Business
You invest $50,000 now and receive $10,000 per year for 15 years starting at the end of the first year.
Answers (1)
A high school currently require students to purchase a parking pass in order to park in the parking lot, but for the coming year they are considering letting all students park for free.
Answers (2)
An oligopolistic market structure is distinguished by several characteristics, one of which is a difficult entry. Which of the following are other characteristics of this market structure? Check all that apply. a. Market control by many small firms.
Answers (1)
Who should you' alert that you are interviewing for jobs? A. Your references B. Other possible employers C. Your classmates D. Your present employer
Answers (1)
Common allocation bases are a. direct labor dollars, direct labor hours, and machine dollars b. machine dollars, direct labor dollars, and direct labor hours c. direct labor dollars, direct labor hours, and machine hours d.
Answers (1)