World-wide Financial Services,Inc.invested $27,000 to acquire 4000 shares of Dawn Investments,Inc.on March 15,2016.This investment represents less than 20% of the investee's voting stock.On May 7,2019,World-wide Financial Services,Inc.sells 2500 shares for $14,250.In the accounting equation on May 7,2019,________.

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When World-wide Financial Services, Inc. sells 2500 shares on May 7, 2019, it will receive proceeds of $14,250 which will be recorded as an increase in its cash (asset) balance. As a result, total assets will increase. The sale of shares does not affect total liabilities, so option C can be eliminated. Similarly, since the investment is being sold at a profit, total equity will not decrease. Option A can be eliminated.

World-Wide Financial Services,Inc