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Use This Information to Answer the Following Question

Question 101

Multiple Choice

Use this information to answer the following question. Here is the balance sheet for Abbot Box Company,Inc.:
Use this information to answer the following question. Here is the balance sheet for Abbot Box Company,Inc.: If the balance in the Cash account were used to buy more equipment,then the total assets would A) remain unchanged. B) increase by $8,000. C) decrease by $8,000. D) increase by $21,000.
If the balance in the Cash account were used to buy more equipment,then the total assets would


A) remain unchanged.
B) increase by $8,000.
C) decrease by $8,000.
D) increase by $21,000.

Correct Answer:

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