$9$

$2$ points

A compan has assets of $$600,000,$ liabilities of $$100,000,$ and retained earnings of $$240,000,$ what is the amount of commc

$$740,000$

$$260,000$

$$460,000$

$$940,000$

$10$

$2$ points

A company purchases equipment using cash. Which of the following statements regarding this purchase is correct?

The cost of the equipment is an expense at the time of purchase.

Total assets will not change.

Stockholders' equity will decrease.

Total liabilities will increase.