Business, 15.07.2020 02:01 qorderiusnewton

If a company receives $12,000 from the stockholders to establish a corporation, the effect on the accounting equation would be:A. Assets increase $12,000 and equity increases $12,000.B. Liabilities increase $12,000 and equity decreases $12,000.C. Assets increase $12,000 and liabilities increase $12,000.D. Assets increase $12,000 and liabilities decrease $12,000.E. Assets decrease $12,000 and equity decreases $12,000.

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If a company receives $12,000 from the stockholders to establish a corporation, the effect on the ac...