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Question 7 Not yet graded/3 pts A firm issues $150,000 of equity. It then uses the proceeds to buy a plot of land for $150,000.
Question 7 Not yet graded/3 pts A firm issues $150,000 of equity. It then uses the proceeds to buy a plot of land for $150,000. What is the change in the following balance sheet items: cash, accounts receivable, inventory. PPE, total assets accounts payable, notes payable, long-term debt, total liabilities, and total shareholder equily? You do not need to include in your answer the items for which there is no change (3 points) (WRITE ALL THE ITEMS THAT CHANGE, AND THE AMOUNT OF CHANGE, IN THE SPACE BELOW.DO NOT MENTION THE ITEMS THAT REMAIN UNCHANGED.)
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