5)Determine whether each item would be implicit or explicit transactions

a)credit purchases

b)repurchase of corporate stock

c)payment of dividends

d)accruing interest expense on bond payable

f)Depreciation at the end of the year

g)Purchase of suppliers

h)Cash purchases

i)Expiration of prepaid rent

4)Depreciation will have which of the following effect on a company book?

a)an increase in equity

b)decreased taxable income

c)increase in asset

d)increase cashflow