Multiple Choice
When a company issues new shares the impact on the accounting equation is to increase:
A) equity and decrease assets.
B) equity and increase liabilities.
C) liabilities and increase assets.
D) assets and increase equity.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Match the descriptions with their terms:<br>-The date
Q3: Which of the following items is not
Q4: A proprietary company may only have up
Q5: If a company declares a 10% share
Q6: Major's Mining Ltd has 500,000 shares issued
Q7: An appropriate journal entry to record a
Q8: A characteristic of an interim dividend is
Q9: The equity section of Starstruck Corporation Ltd
Q10: Identify (by letter) each of the following
Q11: When a company issues shares with partial