Multiple Choice
Mayberry Company paid $30,000 cash to purchase land.What happened as a result of this business event?
A) Total equity was not affected.
B) The net cash flow from investing activities decreased.
C) Total assets were not affected.
D) Total assets and total equity were not affected,and net cash flow from investing activities decreased.
Correct Answer:
Verified
Correct Answer:
Verified
Q30: Perez Company paid a $300 cash dividend.Which
Q31: When a business provides services for cash,which
Q32: Hazeltine Company issued common stock for $200,000
Q33: Algonquin Company reported assets of $50,000,liabilities of
Q34: Jackson Company paid $500 cash for salary
Q36: The value created by a business is
Q37: Delta Company experienced an accounting event that
Q38: Which financial statement matches asset increases from
Q39: Turner Company reported assets of $20,000 (including
Q40: Which of the following financial statements provides