4. From whom is debt financing typically obtained? A. Stockholders B. Creditors C. Neither stockholders nor creditors D. Both stockholders and creditors 2.

5. If a company receives $20,000 cash from its customers on account and uses the cash to pay $20,000 to its suppliers on accounts, the net result is that: A. Assets would increase by $20,000 while liabilities would decrease by $20,000. B. Liabilities would decrease by $20,000 while stockholders' equity would increase by $20,000. C. Assets would decrease by $20,000 and liabilities would decrease by $20,000. D. Liabilities would decrease by $20,000 and stockholders' equity would decrease by $20,000.