Recording a stock issuance in exchange for cash involves: A) Debiting Cash and crediting Notes Payable B) Debiting Cash and crediting Dividends C) Debiting Cash and crediting Common Stock D) Debiting Common Stock and crediting Cash The basic purpose of accounting is to provide useful financial information to internal external only, True False Assets must always equal the sum of liabilities plus stockholders' equity True False Equity financing involves: A) Selling shares of stock to investors B) Borrowing money from a bank C) Issuing bonds payable D) Repayment of principal and interest to a creditor The accounting equation states A) Assets + Liabilities Stockholders' Equity B) Assets Liabilities . Stockholders' Equity C) Assets Liabilities + Stockholders' Equity D) Assets + Stockholders' Equity = Liabilities E) None of the above