Acompany received $11,000 cash in exchange for 200 shares of the company’s common stock. what would the effect of this transaction on the current year’s accounting equation? select one: a. no effect on assets; $11,000 decrease in liabilities; $11,000 increase in stockholders’ equity b. $11,000 increase in assets; no effect on liabilities; $11,000 increase in stockholders’ equity c. no effect on assets; $11,000 increase in liabilities; $11,000 decrease in stockholders’ equity d. $11,000 increase in assets; $11,000 increase in liabilities; no effect on stockholders’ equity

B. $11,000 increase in Assets; No effect on Liabilities; $11,000 increase in Stockholders’ Equity

Explanation:

As the company received cash in exchange for the common stock. So, it affect the accounting equation which is shown below:

Total Assets = Total liabilities + Total  stockholder equity

The journal entry is shown below for better understanding:

Cash A/c Dr

     To Common stock

     To Additional Paid-in capital - in excess of  par

(Being cash is received)

So, it would not impact the total liabilities

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.