On January 11,2011, Britannica Corporation sold ordinary shares to investors for ₤6,550,000.This transaction will increase assets and

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When Britannica Corporation sold ordinary shares to investors, it received ₤6,550,000 in cash. This cash would increase Britannica's assets by ₤6,550,000. However, since the company issued new shares, the equity would also increase by the same amount, meaning that answer choice D is the correct option. The transaction would not affect liabilities or revenues.

On January 11,2011, Britannica Corporation Sold Ordinary Shares to Investors