Vantage Corporation invested $800 cash in Tandem Company stock.
Which of the following could describe the effects of an asset source transaction on a company's financial statements? $$\begin{array} { | l | l | l | l | l | l | l | }
\hline \text { Assets } = & \text { Liab. } + & \text { Equity } & \text { Rev. } - & \text { Exp. } = & \text { Net Inc. } & \text { Cash Flow } \
\hline
\end{array}$$

Question

Vantage Corporation invested $800 cash in Tandem Company stock.
Which of the following could describe the effects of an asset source transaction on a company's financial statements? $$\begin{array} { | l | l | l | l | l | l | l | } 
\hline \text { Assets } = & \text { Liab. } + & \text { Equity } & \text { Rev. } - & \text { Exp. } = & \text { Net Inc. } & \text { Cash Flow } \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Vantage Corporation invested $800 cash in Tandem Company stock.
Which of the following could describe the effects of an asset source transaction on a company's financial statements? $$\begin{array} { | l | l | l | l | l | l | l | } 
\hline \text { Assets } = & \text { Liab. } + & \text { Equity } & \text { Rev. } - & \text { Exp. } = & \text { Net Inc. } & \text { Cash Flow } \
\hline
\end{array}$$

Vantage Corporation Invested $800 Cash in Tandem Company Stock A)