Multiple Choice
Clifford Moore purchased $15,000 of Star Tech stock for cash. Star Tech would
A) increase Assets (Cash) and increase Liabilities (Accounts Payable)
B) increase Assets (Cash) and increase Stockholders' Equity (Capital Stock)
C) Increase Assets (Accounts Receivable) and decrease Liabilities (Accounts Payable)
D) Increase Assets (Cash) and increase Assets (Accounts Receivable)
Correct Answer:
Verified
Correct Answer:
Verified
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