1. When the owner invested cash on the business, what account/s increase/s? A. assets and owner's equity B. assets only C. liabilities and assets D. owner's equity only

Four financial statements are usually prepared for a business. The statement of cash flows is usually prepared last. The statement of stockholders' equity (SSE), the balance sheet (B), and the income statement (1) are prepared in a certain order to obtain information needed for the next statement. In what order are these three statements prepared? Oa. B, I, SSE Ob. SSE, I, B Oc. B, SSE, I Od. 1, SSE, B

which of the following is an operating avtivity? A. billing customers for services rendered but not yet paid for B. paying off a loan to the bank C. purchasing equipment for cash D. receiving cash investments from owners

Which of the following decrease owner's equity or stockholder's equity? A. Paying cash to vendors. B. Paying cash to clients. C. Revenue. D. Expenses.