The effects of paying salaries for the current period are to:a. increase assets and increase stock- holders' equity.b. increase assets and increase liabilities.c. decrease assets and decrease liabilities.d. decrease assets and decrease stock- holders' equity.

Net working capital increases when:  A. a credit customer pays for his or her purchase B. inventory is sold at cost. C. fixed assets are purchased for cash D. inventory is purchased on credit

Assets are a.always lower than liabilities b.equal to liabilities less stockholders' equity c.the same as expenses because they are acquired with cash d.financed by the stockholders and/or creditors

Which one of the following normally has a net debit balance? A. Contributed capital that is in shareholders’ equity.   B. Retained earnings that is in shareholders’ equity. C. Dividends that decrease retained earnings Revenues that increase retained earnings.   D. Revenues that increase retained earnings