Use this information to answer the following question. Here is the balance sheet for Abbot Box Company:
If the balance in the Cash account were used to buy more equipment, then the total assets would
A) remain unchanged.
B) increase by $8,000.
C) decrease by $8,000.
D) increase by $21,000.

Question

Use this information to answer the following question. Here is the balance sheet for Abbot Box Company:
 If the balance in the Cash account were used to buy more equipment, then the total assets would
A) remain unchanged. 
B) increase by $8,000. 
C) decrease by $8,000. 
D) increase by $21,000.

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question. Here is the balance sheet for Abbot Box Company:
 If the balance in the Cash account were used to buy more equipment, then the total assets would
A) remain unchanged. 
B) increase by $8,000. 
C) decrease by $8,000. 
D) increase by $21,000.

Use This Information to Answer the Following Question