1.The accounting equation may be expressed as:

A. Assets = Reveues Expenses

B. Assets + Liabilities = Stockholders' Equity

C. Assets Equities = Liabilities

D. Assets = Liability + Stockholders Equity

2.Debit Accounts Payable account will decrease the account.

True

False

3. A chart of accounts is:

A. usually listed in the order in which they appear in financial statement.

B.Usually a listing of accounts in alphabetical order

C.The same as a balance sheet

D, One of the four financial statements.

4. Dividend is distribution of retained earnings.

True

False