Friday, October 9, 2020

If a company provides services on account, which of the following is true?

If a company provides services on account, which of the following is true?


A) Expenses increase.

B) Liabilities increase.

C) Stockholders' equity increases.

D) Assets decrease.


Answer: C

at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio?

Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio? A) Increase ...