7. Which of the following describes the effects of an asset use transaction on a company's financial statements Ashy RevExp || Net Tee | Cash Pre A ADD MA | NA NA NA -M B. DONA NA NA NA 1 -FA C. -NALL NAI-11 D Athe 1. Cole Company began operations on January 1, 2011. During 2011, the company engaged in the following cash transactions 1) issund stock for $30,000 2) borrowed $23,000 from bark 3) sold merchandise for $28,000 4) paid back $10,000 of the bunk 5) paid rent expense for $2,000 6) pushed equipment costing $5,000 7) paid $3,000 dividends to mockholders R) paid employee salaries $11,000 What Cole's ash flow from financing activiti A. Inf (543,000 Oudow of $15,000 Clellow of $40,000 D. Oullow at $5,000 Min Company paid $30,000 cash phase supplies. As a result of this bi A. Total equity de 1. The net cash flow from operating activities decreased C. Total assets were not affected D. Net income decreased 10 Financial accoming focused on the needs of which of the following A Internal users D. External users C. Both Internal and External D. None of the optio 11. Interest Revenue account A. Assets B. Liabilities C. Equity D. Revenu