Janice Wilford contributed $50,000 cash to JW Corporation in exchange for stock. As a result of this transaction, assets and revenues will increase.

Name: Janice Wilford contributed $50,000 cash to JW Corporation in exchange for stock. As a result of this transaction, assets and revenues will increase.
Brand: Quizplus
Rating: 4.7 (50 reviews)

Question

Quizplus · Accepted Answer

The transaction increases assets (cash) and equity (stock issued) but does not affect revenues, as it is an investment transaction, not a revenue-generating activity.

Janice Wilford Contributed $50,000 Cash to JW Corporation in Exchange