Acompany received $11,000 cash in exchange for 200 shares of the company’s common stock. what would the effect of this transaction on the current year’s accounting equation? select one: a. no effect on assets; $11,000 decrease in liabilities; $11,000 increase in stockholders’ equity b. $11,000 increase in assets; no effect on liabilities; $11,000 increase in stockholders’ equity c. no effect on assets; $11,000 increase in liabilities; $11,000 decrease in stockholders’ equity d. $11,000 increase in assets; $11,000 increase in liabilities; no effect on stockholders’ equity

B. $11,000 increase in Assets; No effect on Liabilities; $11,000 increase in Stockholders’ Equity

Explanation:

As the company received cash in exchange for the common stock. So, it affect the accounting equation which is shown below:

Total Assets = Total liabilities + Total  stockholder equity

The journal entry is shown below for better understanding:

Cash A/c Dr

     To Common stock

     To Additional Paid-in capital - in excess of  par

(Being cash is received)

So, it would not impact the total liabilities

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%

answer; descriptive statistics;