By revenue increase stockholder's equity because as revenue increase net income increase net income increase then retained earning increase so stockholder's equity increase
So above statement is false
Revenues decrease and costs increase when companies produce poorminusquality products. True or False
2) Dividends are an example of an expense (2pts) True O False
8) Which of the following will increase stockholders' equity (2pts) O Accounts Payable Dividends Paid O O Owners' Investment
8) Which of the following will increase stockholders' equity (2pts) O Accounts Payable Dividends Paid O O Owners' Investment
Dividends paid to stockholders are a business expense. True or False? Question 6 2 pts Dividends paid to stockholders are a business expense. True O False
3) Retained earnings will be increased by the amount in the dividend account (2pts True False
TRUE/FALSE. Write 'T' if the statement is true il 1) Financing activities are transactions involving external sources of funding. 2) Expense accounts increase with a debit and decrease with a credit 3) Purchasing equipment using cash causes assets to increase 4) Liability accounts increase with a debit and decrease with a credit 6) 5) Borrowing cash from the bank causes assets to increase and liabilities to increase 6) Amounts owed to suppliers, employees, the government in the form of taxes,...
(2pts) 10) Paying expenses affects which financial statement elements O Stockholders' equity only Assets and stockholder's equity Assets and liabilities Assets only O
Investment (2pts) 9) Which of the following situations increase stockholders equity O Cash is received from customers o Services provided on account 0. Utility bill will be paid next month O Supplies purchased on account
38 Other liabilities .......$ Other assets .......... Expenses ............ Stockholders' equity .... 3 Revenues ......... .... $ 23 Cash 26 Accounts payable. New Navy Company Trial Balance December 31, 2018 Balance (in millions) Debit Credit Account Title Other assets 26 Expenses Stockholders' equity Revenues Cash Accounts payable Total