Use this information to answer the following question. Here is the balance sheet for Marron Pickle Company,Inc.:
If the balance in the Cash account were used to buy more equipment,then the total assets would
A) remain unchanged.
B) increase by $16,000.
C) decrease by $16,000.
D) increase by $42,000.

Question

Use this information to answer the following question. Here is the balance sheet for Marron Pickle Company,Inc.:
 If the balance in the Cash account were used to buy more equipment,then the total assets would
A) remain unchanged. 
B) increase by $16,000. 
C) decrease by $16,000. 
D) increase by $42,000.

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question. Here is the balance sheet for Marron Pickle Company,Inc.:
 If the balance in the Cash account were used to buy more equipment,then the total assets would
A) remain unchanged. 
B) increase by $16,000. 
C) decrease by $16,000. 
D) increase by $42,000.

Use This Information to Answer the Following Question