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6. The accounting equation for Sock Monkey Company is as follows: Assets $480,000 Liabilities $240,000 Stockholders' Equity $240,000 If the company now issues stock for
6. The accounting equation for Sock Monkey Company is as follows: Assets $480,000 Liabilities $240,000 Stockholders' Equity $240,000 If the company now issues stock for $60,000, the accounting equation will change to: = + Assets A) $480,000 B) $540,000 C) $480,000 D) $540,000 Liabilities $180,000 $300,000 $300,000 $240,000 Stockholders' Equity $300,000 $240,000 $180,000 $300,000 = +
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