14. At September 1, 2020, Promise Ring Co. reported stockholders' equity of $155,000. During the month, Promise Ring generated revenues of $38,000, incurred expenses of $20,000, purchased equipment for $50,000 and paid dividends of $5,000. What is the amount of stockholders' equity at September 30, 2020? a. $123,000 b. $155,000 c. $168,000 d. $173,000 15. Which one of the following statements about the accrual basis of accounting is false? a. Events that change a company's financial statements are recorded in the periods in which the events occur. b. Revenue is recognized in the period in which the performance obligation is satisfied. C. The accrual basis of accounting is in accordance with generally accepted accounting principles. d. Revenue is recorded only when cash is received, and expenses are recorded only when cash is paid