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Orlando Company Placed $142 of Raw Materials into Production A) (142)+142=NA+NANANA=NA\begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|}\hline (142)&+&142&=&NA&+&NA&NA&-&NA&=&NA\\\hline\end{array}

Question 6

Multiple Choice

Orlando Company placed $142 of raw materials into production.How would this transaction affect the company's financial statements?  Assets = Liab. + Equity  Rev.  Exp. = Net Inc.  Raw + WIP Inv  Matls.  Inv. \begin{array}{|c|c|c|c|c|c|c|c|c|c|}\hline {\text { Assets }} & = & \text { Liab. } & + & \text { Equity } & \text { Rev. } & - & \text { Exp. } & = & \text { Net Inc. } \\\hline \begin{array}{l|c|l}\text { Raw } & + & \text { WIP Inv } \\\text { Matls. } \\\text { Inv. }\end{array} & & & & & & & & & \\\hline\end{array}


A)
(142) +142=NA+NANANA=NA\begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|}\hline (142) &+&142&=&NA&+&NA&NA&-&NA&=&NA\\\hline\end{array} .





B)
(142) +142=NA+NANANA=NA\begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|}\hline (142) &+&142&=&NA&+&NA&NA&-&NA&=&NA\\\hline\end{array}





C)
(142) +NA=NA+(142) NA142=(142) \begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|}\hline (142) &+&NA&=&NA&+&(142) &NA&-&142&=&(142) \\\hline\end{array} .




D)
(142) +(142) =NA+NANANA=NA\begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|}\hline (142) &+&(142) &=&NA&+&NA&NA&-&NA&=&NA\\\hline\end{array}




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