question 3 0.5 points computer corporation is starting its computer programming business and has sold stock…

question 3 0.5 points computer corporation is starting its computer programming business and has sold stock of $15,000. identify how the accounting equation will be affected. a increase in assets (cash) and increase in liabilities (accounts payable) b increase in assets (cash) and increase in assets (accounts receivable) c increase in assets (cash) and increase in stockholders equity (common stock) d increase in assets (accounts receivable) and decrease in liabilities (accounts payable)

question 3 0.5 points computer corporation is starting its computer programming business and has sold stock of $15,000. identify how the accounting equation will be affected. a increase in assets (cash) and increase in liabilities (accounts payable) b increase in assets (cash) and increase in assets (accounts receivable) c increase in assets (cash) and increase in stockholders equity (common stock) d increase in assets (accounts receivable) and decrease in liabilities (accounts payable)

Answer

Brief Explanations:

When a company sells stock, it receives cash (an asset), which increases assets. The stock sold represents an investment by stock - holders, increasing stockholders' equity (specifically common stock). There is no impact on liabilities or accounts receivable in this transaction.

Answer:

C. increase in assets (Cash) and increase in stockholders' equity (Common Stock)