Question

cember 1 of the current year and had the following account
balances at December 31, listed in tabular form:
the Effects
tions
Assets
=
Liabilities
Owners
Equity
Cash
Office
Equipment
Building
Land
Notes
Payable
Accounts
Payable
$12,000
Capital Stock
$41,300
$86,000
$80,000
$42,000
$7,300
$150,000
Early in January, the following transactions were carried out by Delta Corporation:
1. Sold capital stock to owners for $40,000.
2. Purchased land and a small office building for a total price of $80,000, of which $30,000 was
the value of the land and $50,000 was the value of the building. Paid $10,000 in cash and
signed a note payable for the remaining $70,000.
3. Bought several computer systems on credit for $8,000 (30-day open account).
4. Obtained a loan from 2nd Bank in the amount of $12,000. Signed a note payable
5. Paid $6,000 of account payable due as of December 31.​

Answer 1

Explanation:

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Perceived expected outcomes from convergence initiatives include: 1) Increase in Social Capital: Collective planning and implementation among different stakeholders will enhance social capital. This will improve management and work output.