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Auumse that in 2019, The Cheesecake Factory Incorporated (NASDAQ: CAKE) opened a new restaurant in...

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Accounting

Auumse that in 2019, The Cheesecake Factory Incorporated (NASDAQ: CAKE) opened a new restaurant in an
upscale neighborhood of Pittsburgh, Pennsylvania. The new restaurant covers 8,850 square feet and seats 240 guests.
Rather than selling franchises, Cheesecake Factory owns and operates all of its U.S. restaurants, which at last count
numbered more than 200. It typically has a long-term lease for each restaurant location and depreciates the cost of
building a restaurant over the life of the lease.
i.(Click the icon to view the planning information.)
i (Click the icon to view the building and
equipment information.)
i.(Click the icon to view Form 10-K excerpts related to property and equipment.)
Assume that The Cheesecake Factory paid cash for all costs of building and equipping its new restaurant in Pittsburgh.
How will Cheesecake Factory's total equity be impacted by this event? (Ignore the impact of depreciation when
answering this question.)
A. Total equity will not be impacted by this transaction
B. Will increase total equity
C. Will decrease total equity
D. Not enough information given to determine impact on total equity
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