Which of the following reflects the impact of a transaction where $330,000 cash was invested by stockholders in exchange for stock?

Assets and revenues each increased $330,000.

Stockholders' equity and revenues each increased $330,000.

Stockholders' equity and assets each increased $330,000.

Assets and liabilities each increased $330,000.

A corporation has $89,000 in total assets, $31,500 in total liabilities, and a $17,400 credit balance in retained earnings. What is the balance in the contributed capital account?

rev: 05-04-2011

$40,100

$57,500

$48,900

$74,900

When a company buys equipment for $151,000 and pays for one fourth in cash and the other three fourths is financed by a note payable, which of the following are the effects on the accounting equation?

	Total liabilities decrease by $37,750.
	Total assets decrease by $37,750.
	Total assets increase by $113,250.
	Total liabilities increase by $151,000.