Answer:
Explanation:
The journal entry to record the given transaction is shown below:
Cash A/c Dr XXXXX
To Common stock A/c XXXXX
(Being the issuance of the common stock is recorded)
The accounting equation is
Total Assets = Total liabilities + Stockholder equity
Cash Increased = No effect + Increased
Therefore, the cash account and the common stock is increased.
Checkable deposits are classified as money because , They can be readily used in purchasing goods and paying debts.Choice( A)
Explanation:
Any demand deposit account against which, one can write a check or a draft is called checkable deposit. It is mainly used when a person has to withdraw money, at a short notice and he can do so, without giving any prior notice to the bank.
These deposits help in immediate access to cash. As these deposits are available easily , they are considered to be assets. .
Its an asset for the person who withdraws, as he can withdraw anytime without notice. It is a liability to the bank as the bank has to pay it, whenever the customer asks for it.
As these checkable deposits are easily available, they can be readily used in purchasing goods and paying debts.
Answer:
D: Equity financing
Explanation:
Equity is ownership in the business - equity financing means giving up ownership in order to secure financing.
<span>Contingency tables are the most common way of showing both marginal and conditional distributions. Reading them is quite easy and intuitive, and often the graphical part of the analysis is left at that. Taking a step further, one can translate the table into a chart: it is advised to use a bar chart to effectively show the data</span>
