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7,8,9 and 10 please 7. Disclosure notes to a compeny's finseinl statements: A. Document the souree of finmeinl statement ficts, 1ite litertiy footnotes. B. Are
7,8,9 and 10 please 7. Disclosure notes to a compeny's finseinl statements: A. Document the souree of finmeinl statement ficts, 1ite litertiy footnotes. B. Are inelevent ficts thet ere immaterinl in amount. C. Arean integell pat of a compeny/s finsacial etatements. D. Are relatively unimportant ficts that don't belong in the basio finseseinl statements. 8. Providing eavices and receiving cesh concumently will: A. docrease liabilities end increase shnreholderd equity. B. decrease assets and increase linbilities. C. increase nssets and increase shrrebolder' equity. D. increase ansets and increase liabilitics. 9. How many of the following tensections would increse totrl shrreholder' equity in the curneat period? Doche and pay dividends to shrreholdens on the same date Delny pryment on supplies purchesed until the following period Frovide services on scoomt to customens Bonsw carh firm a local bank A. Four B. One C. Throe D. Two 10. Which of the following is true about a "eredit?" 1.I. It is part of the double-entry syetem used in accounting to process trensactions. 2. II. It represents a docrease to asset account balances. 3. III. It represents an incresse to linbility account balences. 4. IV. It is on the right side of a an account. A. I and II B. I, II, and III C. I, II, III, and IV D. IV only
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