Harvest Moon Company has total assets of $15,000.If $3,000 cash is used to purchase a new computer,the total assets would be:
A)$15,000.
B)$13,000.
C)$17,000.
D)$2,000.

Question

Quizplus · Accepted Answer

When $3,000 cash is used to purchase a new computer, the cash asset decreases by $3,000, but the value of assets increases by a computer worth $3,000, leaving total assets unchanged at $15,000.

Harvest Moon Company Has Total Assets of $15,000