Brice Foods Group, a European food retailer that operates supermarkets in seven countries, engaged in the following transaction during 2013: purchased and received inventory costing 500 million on account from various suppliers. Indicate the effects of the transaction on the accounting equation.

Select one:

A. Liabilities + 500 million; Shareholders Equity + 500 million

B. Liabilities + 500 million; Shareholders Equity - 500 million

C. Assets + 500 million; Shareholders Equity + 500 million

D. Assets + 500 million; Liabilities + 500 million

Composite, Inc., a firm specializing in building materials, engaged in the following transaction during 2020: issued 2,000 shares of common stock for $7,500 million in cash. Indicate the effects of the transaction on the accounting equation.

Select one:

A. Liabilities +$7,500 million; Shareholders Equity -$7,500 million

B. Assets +$7,500 million ; Liabilities +$7,500 million

C. Liabilities +$7,500 million; Shareholders Equity +$7,500 million

D. Assets +$7,500 million ; Shareholders Equity +$7,500 million