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Computer Corporation Is Starting Its Computer Programming Business and Has

Question 121

Multiple Choice

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 Stockholders' Equity
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C) increase in assets (Accounts Receivable) and decrease in liabilities (Accounts Payable)
D) increase in assets (Cash) and increase in assets (Accounts Receivable)

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