Stockholders equity is increased by A dividends B revenues C expenses D

Stockholders equity is increased by a dividends b

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37.Stockholders' equity is increased byA)dividends.B)revenues.C)expenses.D)liabilities.38.A flower shop makes a large sale for $1,000 on November 30. The customer is sent a statement on December 5 and a check is received on December 10. The flower shop follows GAAP and applies the revenue recognition principle. When is the $1,000 considered to be earned?39.A balance sheet shows40.When a company receives a utility bill but will not pay it right away, it should41.Prepaid expenses are:A)paid and recorded in an asset account before they are used or consumed.B)paid and recorded in an asset account after they are used or consumed.C)incurred but not yet paid or recorded.D)incurred and already paid or recorded.Page 9
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42.The closing entry process consists of closing:43.Accrued revenues are:44.A company that receives money in advance of performing a service45.A paid dividendA)decreases assets and stockholders' equity.B)increases assets and stockholders' equity.C)increases assets and decreases stockholders' equity.D)decreases assets and increases stockholders' equity.46.The double-entry system requires that each transaction must be recorded47.At March 1, 2011, Candy Inc. had supplies on hand of $1,500. During the month, Candy purchased supplies of $2,900 and used supplies of $1,800. The March 31 balance sheet should report what balance in the supplies account?Page 10
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