A business owner starts a new business and invests $6,000 of capital. This transaction results in an increase in the assets of the business.

Name: A business owner starts a new business and invests $6,000 of capital. This transaction results in an increase in the assets of the business.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the business owner invests $6,000 of capital, it increases the assets of the business as cash or equipment (depending on how the capital is used) is now available to be used for business operations.

A Business Owner Starts a New Business and Invests $6,000