Question
A company issues shares for 200 in cash, borrows a 5-year loan of 150, and purchases equipment with cash for 400. Which of the following
A company issues shares for 200 in cash, borrows a 5-year loan of 150, and purchases equipment with cash for 400. Which of the following is true?
Review Later
Cash decreases by 50; expenses increase by 400.
Common shares do not change; PP&E increases by 400.
Cash decreases by 50; PP&E increases by 400.
Common shares increase by 200; current liabilities increase by 150.
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
