43. Zebra Inc. produced net income of $100,000 in 2019. They paid out half their net income in dividends and the other half was reinvested back into the company. During the year, they incurred $10,000 in interest expense. How did these transactions impact Zebra's income for 2019? Income is reduced $10,000 for interest. Income is reduced $50,000 for dividends. Income is reduced $60,000 for interest and dividends. Income is not impacted. 44. Which of the following is not one of the three conditions necessary for revenue to be recognized as earned? The goods and services have been delivered. The customer has agreed to buy the goods and services. Payment has been received. The seller has performed substantially all of its obligation to the buyer. 15. Parker Associates purchased a patent in 2018 for $200,000. The patent will be amortized over 20 years. How would Parker adjust for the annual amortization for the patent on the balance sheet? Credit accumulated amortization $10,000 Credit prepaid assets $10,000 Credit patents $10,000 Credit patent amortization $10,000 16. Which of the following balance sheet items is not considered a liability? Short-term debt Taxes Payable Prepaid expenses Advance from customers