Styles Paragraph 14. When a company issues new shares for cash, the impact on the accounting equation is to increase a) equity and decrease assets b) equity and increase liabilities c) Kabeities and increase assets d) assets and increase equity 15. Stella Lid reported profit of $40,000 for the year. During the year, accounts receivable increased by 56,000, accounts payable decreased by $4,000 and depreciation expense of $7,000 was recorded. Net cash provided by operating activities for the year is a) $23,000 b) $30,000 C) $31.000 d) $37.000 Actival Page 3 of 14 517 onde DE Start a search e