77

I had the following net income (loss) the first three years o wing net income (loss) the first three years of operation: $7,100,($1,6C 5.000. If the Retained Earnings balance at the end of year three is 1,100, Earnings balance at the end of year three is $1,100. what was the arount of dividends paid over these three years? (A) $8,000. B) $500 C) $0. D) $9.100 77. In a Big Bath, a firm A) increases revenue C) does window dressing B) changes accounting firms D) increases Expenses 78) Which of the following are made when the business does something A) Closing Entries B) Adjusting Entries Transaction En 79) For a journal entry with only two lines, the following entry is valid: Decrease in an asset. Decrease in a liability A True B) False 80) For a journal entry with only two lines, the following entry is va Increase in an asset, Decrease in an Expense. A) False surnal entry with only two lines, the following entry is valid 81 For a journal Owners' Equity, Increase in Revenue. B) True