1.0 point possible (graded) Crow Inc. had revenues of $45,000 and net income of $3,400. What are the company's expenses? O 31,600 O 41,600 0 12.000 0 48,400 Submit You have used 0 of 1 attempt Multiple Choice 1.0 point possible (graded) Shareholder's Equity can be broken down into two main parts, and Assets, Liabilities Retained Earnings, Dividends O Revenue, Expenses o Retained Earnings, Contributed Capital ihmi 1.0 point possible (graded) Which of the following options is not a long-term liability? O Accounts Payable o Notes Payable O Loans Payable Bonds Payable Submit You have used 0 of 1 attempt Ws Multiple Choice 1.0 point possible (graded) Which of the following options would decrease Retained Earnings? O Dividends O Accounts Receivable O Assets Net Income 1.0 point possible (graded) Which of the following options is not a characteristic of a corporation? o Unlimited life O Difficulty of raising capital High cost of starting up o Limited Liability Submit You have used 0 of 1 attempt Multiple Choice 1.0 point possible (graded) Campbell Furnitures sold services for $160 cash. How would this transaction affect the accounting equation? O Decrease Expenses by $160 O Decrease Revenues by $160 o Increase Expenses by $160 Increase Cash by S160