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% Finite Mathematics and 0 ACCT&201518 0430 . Pi C Secure https//newcon x education.com/flow/connect.html ? Quiz #1 (Ch 1) 20 pts. Mc Qu. 119 If a company receives. If a company receives $12.000 from its sole stockholder to establish a corporation, the effect on the accounting equation would be 1 Multiple Choice Assets increase $12,000 and equity increases $12,000 Assets decrease $12,000 and equity decreases $12.000 Assets increase $12.000 and liabilities decrease $12,000. Assets increase $12,000 and liabilities increase $12.000 2.000 increase $12,000 and equity decreases $t 1 Next > Prey

Explanation / Answer

If a Company receives $12,000 from its sole stockholder to establish a corporation, the effect on the accounting equation would be:

Assets increase $12,000 and equity increases $12,000

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